QQQ PROVIDES THE LONE BREAKOUT... The Nasdaq 100 ($NDX) broke above its 2011 highs with a surge above 59.5 on Friday. The ETF is struggling today, but largely holding above these highs. New highs are bullish because they reflect strong buying pressure, buying pressure that was strong enough to break the prior high. Chart shows QQQ breaking above consolidation resistance. The indicator window shows the Price Relative breaking the late November trendline and moving higher the last five weeks.
图片附件: qqq.png (2011-7-25 20:17, 35.69 KB) / 下载次数 10
