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Bullish Profile for QQQQ
By Mike Paulenoff | Published  12/5/2007 | Stocks | Unrated
Bullish Profile for QQQQ

The Q's (QQQQ) exhibit a very bullish profile for the session and appear to be ready to resume strength into the final hour of trading after a period of two-way trading during the noon to 2 pm period. Should strength resume during the final hour, the pattern argues for a run at last Friday's high of 52.26. Only a decline that violates 51.00 will compromise the developing pattern.



Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his technical chart analysis and trading alerts on all major markets. For more of Mike Paulenoff, sign up for a free 15-Day trial to his MPTrader Diary by clicking here.