Nasdaq broke below the 200 day ( big trouble )

Loss of 200sma QQQ almost there, 366... if it loses it watch out belowww...........

qqq18jan.jpg
 
MKTrader said:
I'm pretty sure more people look at the QQQ and use it for trading decisions. That's all MAs are any way...there's nothing magic about them. People just watch certain ones (50 and 200 primarily) and pay attention to them. There's no certainty that something will happen if one is breached.
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Ya usually the specific moving average coincides with a price point support or resistance.
 
MKTrader said:
Wait for what....you to post about it? It broke below it in September and the world didn't end.
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Thats because the low interest rate support level was in the market and the naz was still above the 200 dma. If Im wrong, I will be the first to admit it.
Why post? Its a stock trading site.
 
MKTrader said:
I'm pretty sure more people look at the QQQ and use it for trading decisions. That's all MAs are any way...there's nothing magic about them. People just watch certain ones (50 and 200 primarily) and pay attention to them. There's no certainty that something will happen if one is breached.
More...

I think most people are looking to load up at the 200 DMA for at least one massive bounce. Hasn't hit 200 DMA since a long time...
 
brightside said:
Thats because the low interest rate support level was in the market and the naz was still above the 200 dma. If Im wrong, I will be the first to admit it.
Why post? Its a stock trading site.
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Thanks for posting. keep it up.
 
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