QQQQ Elliott Wave Chart

StocksDoc — Fri, 30 Oct 2009 21:06:08 +0000

Here is an Elliott Wave Chart with counts that I drew over a month ago . . .
it looks to be coming to fruition . . .
QQQQ needs to continue South for a while now:

Q&A With Robert Prechter: Why Technical Analysis Beats Out Fundamental Analysis
By Elliott Wave International

US-Dollar vs SPX vs QQQQ

StocksDoc — Fri, 24 Jul 2009 00:36:58 +0000

The Markets sure have been moving Up lately . . very quickly . . . and on Decreasing Volume .. ever since March-2009 . . . AND, with bad economic news coming out every week!
We ask ourselves, why?!? . . . especially those who keep Shorting the Market trying to catch the next swing Down after this Over-Bought state she’s been in for some time now.
Well, maybe it’s exactly because the economy IS bad and the US Government is adding LOTS of money INTO the economy and devaluing the US-Dollar .. even as the economy does NOT get better.
Looking at this chart really shows the way the Stock Market tracks the US-Dollar .. inversely!
So, maybe the Markets have been rising since March because the Dollar has been falling!
Maybe the current Stock Market rally is the result of a collapsing dollar . . . maybe the fear of inflation is rearing its ugly head.
Instead of getting excited about Earnings surprises, maybe we should be worrying about the upcoming cliff the Dollar and US-Economy may be heading towards … after all, there have been a good many Earnings disappointments as well.

Elliott Wave Articles » QQQQ

QQQQ Elliott Wave Chart

US-Dollar vs SPX vs QQQQ