Follow The Market ( QQQQ, GOOG, SHLD, BA, CELG) 12/19/2006

1. QQQQ

This stock is still in this trading range. Sooner or later it should make a decision on either side.




Four distribution days during past month will drive the market lower. It is a breakout failure day.(12/18/2006)
Retest of the break out line with light volume. (12/15/2006)
The downside risk is gone and it looks like market will go higher. But I'll follow it closely.(12/14/2006)
Nothing new happens so far.(12/13/2006)
Break down the red line and the party would be over.(12/12/2006)
It's now in a tight trading range. No idea where it should go next. Odds favor down.(12/11/2006)

2. GOOG

Light volume pull back. It will retest the red line some time.



Finally it broke down the neckline with heavy volume. The next support will be at $438(12/18/2006
It will be a big move if GOOG would break down the neck line. (12/15/2006)


3. SHLD

I'll be very patient on this one. Hope to catch another big fish.



Will this be the next GOOG in the down side? We will see. (12/18/2006)
It is still in this long trading range. I will not touch it on either side now. (12/15/2006)


4. BA

Break out from 92.1 will be the buy point.



It has been building a new base around 92 area. Break out from the green line and that will be my entry point. (12/15/2006)



5. CELG

This one broke out but volume is not good.



I mentioned this stock when it was 46. It looks like it will go even higher. (12/15/2006)