QQQQ head and shoulders?

Quote from stock_trad3r:

Indexes don't usually obey technicals such as head and shoulders, double tops, moving averages, and other crap . The QQQQ will only surge higher into the end of this year.
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funny stuff...... they follow them the best. Not talking about H&S but TA in general.
 
Quote from Balljet:

Can anyone look at this and help me out? If you look at the 2 year daily of QQQQ it looks like it might be developing a head and shoulders pattern, or am I confused?

PD
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Me say before and me say again. Forget head and shoulders unless you got itchy scalp...forget cup and flying saucer..forget all that..

Me say here the other day and me say again here right now, Sunday night, MIDNIGHT in NY, Nov 19, 2007...

Market is going to S-H-O-C-K so many...

Market like big big pin ball machine that is about to go


<b> T-I-L-T</b>

It going to be ugly..

Market is

B
R
O
K
E
N

and struggling to breath...few more gasps for breathing maybe BUT market is B-R-O-K-E-N

<b> SO B-CAREFUL</b>

So says me, Handsome, a great genius...

No going to be a Merry Christmas for many!!!

Woof, Woof
 
RUSSEL 2000, semis, financials and transports all extremely bearish,


welcome the bear market


recession is very near as well.
 
The QQQQs look ready to rally hard in the short term. I'm a buyer here at 50.11. EMM too at 148.26.
Targets 52 and 155 respectively.
 
Quote from S2007S:
RUSSEL 2000, semis, financials and transports all extremely bearish,


welcome the bear market


recession is very near as well.
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Many sectors looking negative, doesn't mean we're in a bear market just yet. Remember this market tends to have the perverse tendency to do the exact opposite of what many consider common sense. I wouldn't count this market out just yet, not before we take out 1350 in the SP500 cash.
 
Quote from Balljet:

Can anyone look at this and help me out? If you look at the 2 year daily of QQQQ it looks like it might be developing a head and shoulders pattern, or am I confused?

PD
More...

It's not. You haven't even broken the uptrend yet.

LC
 
Quote from makloda:

Many sectors looking negative, doesn't mean we're in a bear market just yet. Remember this market tends to have the perverse tendency to do the exact opposite of what many consider common sense. I wouldn't count this market out just yet, not before we take out 1350 in the SP500 cash.
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true,

I just added some long positions for a bounce sometime going into the end of this trading week,

added

XLF at $29.48

UWM at $59.90

Selling

XLF at $30.50+

UWM at $63.00+
 
Quote from Handsome:

Me say before and me say again. Forget head and shoulders unless you got itchy scalp...forget cup and flying saucer..forget all that..

Me say here the other day and me say again here right now, Sunday night, MIDNIGHT in NY, Nov 19, 2007...

Market is going to S-H-O-C-K so many...

Market like big big pin ball machine that is about to go


<b> T-I-L-T</b>

It going to be ugly..

Market is

B
R
O
K
E
N

and struggling to breath...few more gasps for breathing maybe BUT market is B-R-O-K-E-N

<b> SO B-CAREFUL</b>

So says me, Handsome, a great genius...

No going to be a Merry Christmas for many!!!

Woof, Woof
More...


lol not gonna happen

much higher 2 come
 
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