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

Friday, March 12, 2010

qqqq powershares holdings top prediction: confirmation from model

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

---------------------------------------------------------------------------
New Policy: To Read The Market Analysis Reports Generated By Our Proprietary Models,
You Now Need to Subscribe. Fill Form Below. Subscription Is Free.
Get Instant Access to the Latest Report, As Soon As You Submit the Form Below.
NOTE: You will also receive access to hundreds of articles on this site. The articles are not visible on this page.
---------------------------------------------------------------------------
Three days ago (in previous post) we posted on this blog that this blog's prediction-forecasting models issued a warning that qqqq powershaes etf stock was entering a sellers zone between 46.84 and 1% above. The upper level of the zone is then around 47.30ish level.

It is now 3:01PM on March 12, and the QQQQ EFT stock is trading at 47.40. Models just issued a confirmation signal, which essentially tells us that all longs should be taken off, and that we should start building short entries on QQQQ powershares etf stock.

If this prediction turns out to be right, it would mean that the open of today at 47.50 was an exhaustion gap set up for late bulls and for the surrender of the last of the losing bears.

Let us see how this market will do for rest of the day. If it does not finish above 47.50, it would be a vote in favor of the prediction of the timing model.

We have one hour left to see if market will fail to take 46.50. Also, a sell off can happen!

UPDATE:

20 minutes later at 3:21PM: QQQQ is trading at 47.28, and never traded above 47.40 when top forecasting signal came in. Futhermore the move down starting soon after we posted! Model is so far correct!

If selling for today is to be serious, sellers have to take the 47.25 area, and hold below it by end of day or in after hours trading. Buyers are currently at 47.25 area, which sellers sitting at around 47.40 area. Sellers and buyers are only 15 cents apart! It would be interesting to see if one of the two camps will be defeated today.

Conclusions for today: 1) QQQQs bounced from 47.25 and stopped right right at 47.40. Market is still open. We would expect it to close few cents around 47.35.

2) Monday the buyers and sellers should meet each other, and decide on the market.

3) The close price most likely will be below 47.50, which is a strong vote in favor of a down move this coming week.

Have a good weekend!


To Receive Market Forecasting/Timing Reports, and Other Special Trading Reports: Enter your email address in the form below, and click submit. Your subscription is at no cost to you and you can unsubscribe at any time. You will receive our special market timing reports, trading reports, and other specials available for members only. We reserve the right to withdraw or terminate this FREE subscription offer at any time. Therefore, secure your subscription now as we do not guarantee that this offer will be available at your next visit to this site.
Happy trading,

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home

Privacy Policy