2007-2-27 2006-11-1 The first chart is of QQQQ. You can first notice the downtrend line that the ETF broke just a few days ago. There is also a double bottom formation in QQQQ with June 12th and June 27th being the bottoms. We have used Fibonacci retracement lines to predict the outcome of a break higher from this formation (purple lines). The basic measure rule would predict that QQQQ could push to 40.87 with an upward breakout from the formation. We have also noted resistance areas on 40.50 and 41. The yellow highlighted area suggests the possible mid-term conclusion to this upmove. The resistance line on the 39 area shows the top of the double bottom formation and important horizontal resistance, and the resistance line in the 40 area shows shorter-term resistance. 76621 text/html http://www.nasdaqwizard.com/MidPics/mid070306.html 1.0 EN index,follow The first chart is of QQQQ text