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Jan 12, 2010: A Quick Look at the Q’s (Nasdaq)

Posted by pugsma on January 12, 2010

3:13 pm:  Updated for end of day.  Dropped down to 45.53 in wave iv of 3 of [5].   Looking for v of 3 to [5] to get underway shortly and target 48.0.

60-min QQQQ Chart (EOD):

11:05 am:  I want to take a quick look at the QQQQ (Nasdaq) and see where things have been and might be headed.  So here is my take. It’s very similar to the Russel-2000.   Right now I have the QQQQ in wave iv of 3 of [5] of P1.   I came up with a maximum target around 49.50 for the QQQQ at the end of P1.

60-min QQQQ Chart (11:05am):

Daily QQQQ Chart (11:05am):

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