The Fluid Trader

Apple did have an exciting day yesterday with a nice up day and it was met today with an equal down day today.  I still believe that AAPL will continue its ascent.  I will give it 17 more trading days (+/- 5) to see where it goes.  Let’s continue to watch!

The Q’s opened with a Gap Down today that led to a steady pace downward.  The ETF consolidated from 12:00 PM until the close of the session between 45.9 and 46.4. 

Pivot Points and Price Targets (Supports and Resistance) for Wednesday, 04/22/08, for QQQQ to look out for:

• Pivot Point = 46.35
• Support 1 = 45.93.  Support 2 = 45.51
• Resistance 1 = 46.77.  Resistance 2 = 47.19

Let’s see what price will look like tomorrow!