How long is QQQ gonna be in this range?

Discussion in 'Trading' started by 1a2b3cppp, Jan 22, 2013.


Poll closed Jan 23, 2013.
  1. It will break out on Wednesday, 1/23

    0 vote(s)
  2. It will break out by Friday, 1/25

    0 vote(s)
  3. It will break out after Friday 1/25 but before the close on Friday, 2/1

    0 vote(s)
  4. Sometime after Friday, 2/1

    1 vote(s)
  1. Ever since that gap up it hasn't gone anywhere.

    Anyone making a killing selling options or buying $66.50 and selling $67?

  2. Lucrum


    "How long is QQQ gonna be in this range?"

    Until it breaks out. Why try to predict the unpredictable?
  3. You're preaching to the choir, my friend.
  4. Lucrum


    My mistake.

    So...why is the choir singing this tired old tune?
  5. At the mercy of AAPL earnings one more day and it's over...
  6. achilles28


    Ascending triangle.
  7. murrica


    I hate to hijack your thread.. Yes, the ascending triangle is bullish, the media is bullish, everyone and their grandma is bullish.

    Here's one *shred* of evidence that this might be something of a top at least for tech. Bearish rising wedge. It's not the cleanest pattern, but watching that upper resistance line at least merits consideration.


    This is just my view/interpretation, but I'd be watching for $COMPQ to fail to close strongly above 3150 to support a short term bearish outlook.

    Disclaimer: Don't trade off my commentary. This is not trading advice, etc.

    edit: To OP and others: I realize now you did not specify a bullish or bearish bias, and for that I apologize.
  8. Afterhours Nasdaq futures!
  9. murrica


    Wow, what's going on with NQ overnight? Getting pounded.
  10. .... aapl earnings. if you seriously didn't know the answer to that you shouldn't be trading :cool:
    #10     Jan 23, 2013