Zero Line Reject on the QQQQ

April 10th, 2008 Leave a comment | Trackback

Along with the NASDAQ making a new high, the CCI 14, 6 triggered a Zero Line Reject signal today. We are also for the first time since January 4th 2008 above the daily 34 EMA, which suggests a change in trend on a daily basis. First target is $2444.9 or if you trade the QQQQ , then $47.20. My stop is under $43.32 on trading the QQQQ.

ZERO LINE REJECT




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