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The overall market is on a decent uptrend after closing up the last sell off gap on Feb. 27th. The Qs is have a little resistance at the old highs. However, with the advancing 20, 50 MA ahead, the last gap is not supporting the Qs to the new highs.

lddd (ldd)
Well, the overall market is on a decent uptrend after closing up the last sell off gap on Feb. 27th. The Qs is have a little resistance at the old highs. However, with the advancing 20, 50 MA ahead, the last gap is not supporting the Qs to the new highs. As a result, the chart for QID is the other side of this story, which is heading south. Plus it is the double - shorts ETF, really gotta watch out. 07 might be a chanllenging year for the Qs, but stepping in QID on this uptrend is a such a risky play. Not worth it.
(#468@43)
2007-4-24
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