QQQQ 6/21/09

Saturday, June 20, 2009

10:10 PM

I'd expect move up on the Monday open

To 36.60-36.80 area, then move down to 34.50-35 area

Screen clipping taken: 6/21/2009, 10:25 AM

On the longer timeframe I am starting to have real problem with

"expected selloff", it is trending up and possible upside targets
1. 41
2. 46.50 areas

Of course, right now there might be some corrective downside move,

But that is all I see - "corrective downside move" - not beginning of selloff

Screen clipping taken: 6/21/2009, 10:40 AM

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 Same on weekly - corrective move down, but so far nothing indicates that
QQQQ will take March lows

Screen clipping taken: 6/21/2009, 10:45 AM

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SPX 6/21/09
Sunday, June 21, 2009
10:56 AM

SPX (quite opposite to what I see on Qs)

Looks poised for substantial pullback/downside
Probably to 865-886 area

Screen clipping taken: 6/21/2009, 10:57 AM

It is quite possible that this week

SPX will reach up to 943 area and then starts
Continuing move to the downside

RSI below 40 dip suggest that SOX is in Major DOWN (RED)

And WB (Green) corrective suggest the same - potential downside (after move up
Exhausted in 930-940 area)

Screen clipping taken: 6/21/2009, 10:59 AM

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UNG 6/21/09
Sunday, June 21, 2009
11:05 AM

UNG is in confirmed UP wave

Depending on IF and WHEN it will move above 16.88
Good upside might be expected

Screen clipping taken: 6/21/2009, 11:08 AM

On hourly important resistance would be 15.88,

But wave count suggest Major UP W3 in progress

Screen clipping taken: 6/21/2009, 11:10 AM

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