PowerShares QQQ Trust, Series 1 (ETF) (QQQQ)

SierraBlue (67.99) Submitted: 7/20/08 10:23 AM : Start Price: $44.97 QQQQ Score: -4.63

TeleChart Scan - D. Worden Notes: COMPQX 07/17/2008 04:36 PM  This is to show you an example of the Time Segmented Volume divergence that is in place for all four Major Averages. Notice that TSV hit bottom at the beginning of the month, then refused to violate that bottom in the middle of the month, while price dropped to a new low. That's a positive divergence. I would use the 50-day MA as the preliminary target. -DW

Report this Post Replies: 0 | Reply