Previous support at 10600 has become the resistence here. All longer term SMAs are pointing downwards, but SMA 5 is pointing sideway or flat. Obviously some good news would help to break the stalemate.
GOOG’s volume has been low. Friday was a down, but volume was very low compared to the up day on Thursday. Not too many sellers and it’s bullish sign.
Waiting for something to happen here.
Maybe we will see a cup forming here next week or so.
A good entry to long LOW if the support holds. The extremly high selling volume might indicate that most sellers wanted out were out now.
MSFT breaths some life
MSFT breaths some life in itself after this long decline.
QQQQ
It’s a good sign for QQQQ.
GOOG continues to move up
GOOG is approaching the 200 level again.
YHOO is breaking out
YHOO is breaking out from its downtrend line. If you like to play break out, it’s the time. Or you can wait for its pullback, but the pullback should not dip below the downtrend line.