Thursday, January 31, 2008

QQQQ

Nasdaq seems to be showing some bullish signs. There seems to be resistance at 45.5 which is the August lows and the 400 DMA. If we make it solidly above this point and hold (46.0) then this will have upwards momentum in the short term. Resistance is around 49 which is the 200 DMA and the lows of Nov.