Technical analysis for Ultrashort QQQ ETF.
Source: http://stockweb.blogspot.com/2008/09/technical-analysis-for-ultrashort-qqq.htmlPosted on Monday, September 22nd, 2008 | In Stocks to Watch
Contributed by: Vlada Kynsky (http://stockweb.blogspot.com/) -
I posted recently technical analysis with Nasdaq Composite. Index has formed triple bottom formation but as I’ve mentioned in the post the pattern was missing positive volume measured by “On Balance Volume”. Therefore it didn’t give us any bullish signal.
Adam Hewisons posted his analysis on Ultrashort ETF QQQ (QID) which shows double bottom and bullish divergence on weekly charts. This is inverse ETF to PowerShares QQQ (QQQQ) which is underlying index Nasdaq 100. His video analysis you can see here.
Last 5 posts by Vlada Kynsky
- Investing in gold with ETF. - December 5th, 2009
- Jim Rogers about commodities, China and others. - October 25th, 2009
- How to invest in gold now. - October 18th, 2009
- ETF correlation - October 7th, 2009
- Treasury inflation protected securities ETF - October 4th, 2009
 About Vlada Kynsky (http://stockweb.blogspot.com/)
Vlada Kynsky studied economics and gained work experience as SAP analyst in information technology. His origin is in Czech Republic but due to different work assignments lived in many European countries. He explores mainly emerging markets. In his research he focuses on ETF and international stocks. Another area of interest are technology stocks. |
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