BUY! MASDAQ 100 TR SERIES (QQQ) Amex

  Report No. 1059    Analysis by: Harry Aloof     JUNE 20, 2000

MASDAQ 100 TR SERIES (QQQ-Amex): Technical Viewpoint: From a low of $78.00 on Apr 14, 2000 prices rallied, reaching a high of $96.87 on May 1, 2000. A decline saw prices pull back, reaching a low of $72.25 on May 24, 2000. Another rally saw prices penetrate resistance, closing 6/19/00 at $98.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 7, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $90.00. Resistance: Is at $107.69. Point & Figure: Reversed to the upside on Jun 16, 2000. A P&F upside reversal takes place at $95.00. Summary: Technical indicators have turned bullish. BUY! MASDAQ 100 TR SERIES (QQQ-Amex) @ $99.05 Stop: Use a protective stop of $96.05. MASDAQ 100 TR SERIES is currently trading @ $98.00 plus $3.75 on Jun 19, 2000. Price Objective: $111.00. Risk/Reward: $3.00 VS. $11.95. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$111.00 Risk/Reward:
$3.00 VS. $11.95 Risk/Reward Ratio:
4:1
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