Day: July 6, 2006

An Asterisk – Kenny Boy

Ken_lay
Only skimmed a couple of articles on the sad story of the other corrupt Texas millionaire (the first goes by the initials dubya), but this one from CBSMW sums it up pretty nicely. See below:

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Failed Attempt at 50-Day Moving Average

Qqqq200675
The Cubes (NASDAQ: QQQQ): 4:20 AM NYC time, July 6th: Just a quick note to follow up on my June 30th posting, which noted the big rally that the mass media, IBD, and everyone else got all excited about. As noted last week, we were quite skeptical and listed the various spots at which a failure could be expected. Sure enough, and not even a week into everybody’s “new bull market” (haha, yeah right) the Cubes took their first opportunity to fall on their face, with a gap down failure at the 50-day EMA and close near the low and below the 20-day EMA. Folks, in case anyone didn’t notice…

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