There are so many chart patterns, bullish and bearish, so the chart below shows a very simple view, yet revealing.
Each time the QQQQ hit RSI over 70, there was a pullback, although sometimes the pullback was small. More notes in the chart.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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