Friday, October 26, 2007

QQQQ Need a Correction.

2 comments:

Prospectus said...

Are volume patterns important in an ETF, where there may be lots of arbitrage, and the supply and demand are out of whack with the underlying index?

Just wondering...

Stewie said...

large volume near elevated levels singles distribution to me. Also, high volume as very oversold levels means a bottom could be forming. having said that, i think that QQQQ will correct thru time and not thru price which could be a very frustrating time to trade.

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