Follow The Market ( QQQQ, GOOG, SHLD ) 12/20/2006

1. QQQQ

The party is almost over and I'm ready to stay on the short side.



This stock is still in this trading range. Sooner or later it should make a decision on either side.(12/19/2006)
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

This stock will go much lower.




Light volume pull back. It will retest the red line some time. (12/19/2006)  
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

It's almost ready for short but maybe it will base for another one or two weeks.




I'll be very patient on this one. Hope to catch another big fish. (12/19/2006)
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)