QQQ Technical Analysis
QQQ volume-based technical analysis is a very
powerful tool and is a prerequisite for anyone who wants to predict
financial market movements and build a successful QQQ trading system.
Many forms of technical analysis tend to be quite
complex and assume that the user has acquired much expertise. A
technical analyst doesn't generally look too much at income
statements, balance sheets, company policies, or many other
fundamentals about the company. A technical analyst generally only
looks at the actual history of trading and price in a security or
index. This is usually done in the form of a chart. The security can
be a stock, future, index, or a sector. It is flexible enough to work
on anything that is traded in the financial markets.
This trading system is not 100 percent mechanical as it
does have a level of subjectivity. The basic technology behind
this trading system is MarketVolume and its system of
volume technical
analysis. MarketVolume's JavaVolume charting technology allows our
analysts to make informed, but still somewhat subjective, decisions as
to where the market is going in the mid and long-term, and to make a
trade based on the results of that analysis. Also keep in mind that
this system has incorporated other forms of technical analysis.
Every QQQ trader and QQQ technical analyst knows the
importance of index charts and index indicators, but that is not the
whole picture. What sets our analysts and traders apart from the
'traditional' technical analyst is the fact that they do not solely
concentrate on price movement alone. A good term for the type of
technical analysis behind our QQQ Trading System is Fundamental
Volume Analysis, in which we analyze the cause of the price
movements in QQQ, while traditional technical analysis generally only
focuses on price.
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