Securities Research Services

Tuesday, June 28, 2005

Bullish Head and Shoulders Forming

We found an interesting chart of the NASDAQ 100 (QQQQ) today which we believe has merit. It reveals the formation of a nice inverted head and shoulders pattern, which when/if complete would lead to a protracted rise in price. This would fit in nicely with the T-Theory which we presented here a few weeks ago. To briefly summarize, the T-Theory predicts a market rise into spring of the year 2006.

No comments: