Monday, August 17, 2009

QQQQ chart revisited



Just to update the 3 year chart of the Q's that we posted last week. We bounced lower off of resistance and will need to take that out before we can see another rally. A little fear crept into the markets today as we saw by the surging VIX. We covered 1/2 of our hedge positions and will see if the market can maintain the strength from the previous months or we actually start a new leg down.

Trade well,
Trader D

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