Walking the Line - QQQQ
By TheWild1 at 11 November, 2007, 3:16 pm, Categories : Financial Markets
With the current plunging of the Nasdaq, I decided to look at the Nasdaq 100 Trust (QQQQ), a stock that monitors the largest non-financial stocks in the Nasdaq. For a while now it has seemed like the tech sector was basically bullet-proof , but things might be turning the corner. In the chart below, you can see that QQQQ has come back to a support it had created back in July. We should see if this support will hold and buyers will come on in, which should hopefully spike the price back up.
More on this topic
(What's this?)
Bonus Trade: QQQQ puts
(Condor Options, 9/25/07)
Tech Isn’t Kidding
(Condor Options, 9/4/07)
Valuing the Nasdaq: The Top 10 QQQQ Holdings
(College Analysts, 10/9/07)
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