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You guys are both right and building a bullish case. Note that SPX is
also showing a flag pattern, but in this case it is bearish. Chart for
the Qs at http://users.erols.com/cnedgo/data/qqq1226.gif and chart for
SPX at http://users.erols.com/cnedgo/data/snp1226.gif.
Ned
--- In realtraders@xxxx, "M. Simms" <prosys@xxxx> wrote:
> Actually, I see a somewhat elongated flag pattern.....
> this usually indicates a continuation in the same direction as the
pole.....
> UP in this case.
>
>
> > -----Original Message-----
> > From: Gary Funck [mailto:gary@x...]
> > Sent: Thursday, December 27, 2001 10:30 PM
> > To: Realtraders@xxxxxxxxxxxx Com
> > Subject: [RT] QQQ - compression
> >
> >
> >
> > QQQ tested resistance, and pulled back. Volatility continues to
collapse
> > ("never short a dull market?").
> >
> >
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