QQQ had a 9-week winning streak

Discussion in 'ETFs' started by intradaybill, Mar 3, 2012.

  1. tman

    tman

    Interesting. Thanks..
     
  2. Like the Q's have anything to do with 1999. PE's on companies in the q's aren't the same, and probably much lower. Apple leads higher, and market median pe around 14 is not an unreasonable valuation.
     
  3. =============

    And clearly,QQQ had troubles in 2011 going past $60 area;
    & was making some lower monthly candles ALSO.
    And 50% off all time highs of $120 suggested[not predicted,LOL:D] more bearish trends.

    Frankly plenty of players did not want to buy, with all the above bearish trends-- buy volume is trending down past year.

    But looks like last OCT was a bear killer;
    election year upside bias, both of which 2001 Stock Traders Almanac notes.:cool: