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NASDAQ 100
(QQQ-Amex):
Technical Viewpoint: From a low
of $101.38 on Jun 14, 1999 prices
rallied, reaching a
high of $123.25
on Jul 19, 1999. A
decline saw prices pull back, reaching a
low of
$105.88 on Aug 10, 1999.
Another rally saw prices penetrate
resistance, closing 8/13/99
at $115.31. Technicals: Demand Index (DI): A Buy Alert!
was given on Aug 11, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $110.00. Resistance: Is at $116.00.
Point & Figure: Reversed to the upside on Aug 11, 1999. A P&F upside
reversal takes place at $112.00. Summary: Technical indicators have turned bullish. BUY! NASDAQ 100
(QQQ-Amex) @ $115.50 Stop: Use a protective stop of $112.50.
NASDAQ 100 is currently trading @ $115.31 plus $4.81 on Aug 13, 1999. Price Objective:
$128.00. Risk/Reward: $3.00 VS. $12.50. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$128.00
Risk/Reward:
$3.00 VS. $12.50
Risk/Reward Ratio:
4:1
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