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QQQ Weekly: Small Caveat for Bears, Big One Against...

|Includes: AAPL, DIA, GOOG, PowerShares QQQ Trust ETF (QQQ), SPY

QQQ weekly presents a lot of interesting things.  

Bears may look to a topping pattern (Reverse Symmetrical Triangle) forming and... well that's about it. 

QQQ is above massive support at around 54, MACD has triggered up by a teeny and is not nearly over bought.  TRIX is still trigger down, but it is slower and as long as it remains above zero, it's good.

Here is the kicker... the massive Cup-like structure from late 2007 to late 2010 projects to 83+.  That is crazy, I know.  Or is it?  Where is the US dollar going?  Could globally focused and flat out awesome companies like Apple, Google and the big boys become the de facto banks of the United States?  Could investment dollars seek out the generally debt-free, growth oriented progressive likes of these companies?



The mainstream is not yet ready for gold, I don't think.  But they sure as shit are ready for GOOG.

I don't make predictions because that is a fool's game.  But neither do I just blindly accept what some of the higher minded analysts would have me believe.  It's probably a Reverse Sym-Tri topping pattern, but...

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