Equity Oracle: 09/25/2012

As you can see from the daily chart of the QQQ, we are showing a bearish engulfing pattern right at a key support level as the volume is increasing. This tells us the sellers are moving in and it’s the news from the Fed that is driving this selloff.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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