Latest new post for members only issued on April 23, 2010. Fill signup form below to access it instantly.
 

Thursday, April 23, 2009

Stock Market Price Analysis (NASDAQ:QQQQ) - 2:51PM Today April 23, 2010.

Latest new post for members only issued on April 23, 2010. Fill signup form below to access it instantly.

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The latest analysis report issued on April 15, 2010 told us to expect strong sellers on the QQQQ EFT between 50.34 and 50.55 area. Today is April 23, 2010. Soon after the open QQQQ reached 50.55 and then retreated fast the the 50.10 area. We are now in the afternoon session and time is 2:57PM. QQQQ are trading at 50.50 area. The intraday market analysis models are telling us to expect price to stop rising, and to be on guard for a possible retreat later today or on next trading session.

If we put the two analysis results of April 15, 2010 and of today from the models, they are telling us that QQQQ is now at a possible top. We have hard time to believe the model results particularly given the rise in the last two days, but if we are to believe the models, they are telling us to expect this to be a top area. Time will tell.


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