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I drew two QQQQ charts this morning to show views of both the past three months and past seven months.  The seven month view includes the March 2009 low and I wanted to include that in my longer term trend …

I drew a candle chart of PowerShares QQQ Trust Series (QQQQ) when it was trading at 39.48 at 3:15 pm on July 23, 2009. 

I see QQQQ hitting resistance here at the point of its trend line of higher highs.  From this line …