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Wednesday, January 16, 2008

The falling pink cross

The QQQQ Target price has fallen $2.4 over the last 2 weeks. This is amazing.



Using the pink cross as the basis for our oscillator, we can say that any price below the pink cross is an oversold, and any price point above the pink cross is an overbought. Based on this, we would call the next day or two as the current short term bottom.

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