Rochester,NY 8/12/2009 12:47:03 AM
PowerShares QQQ Trust, QQQQ - PowerShares QQQ Trust Out Of the Norm
PowerShares QQQ Trust,
When the market can go from a mega-bear market to a mega-bull market, steady rises become the usual. But when you look at an 11 day consecutive rise and then a gain ‘again’ that would make a twelfth consecutive day rally in an index, this becomes very much regardless of what kind of market and economy you are in.
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That is the case for the NASDAQ, and ditto for the NASDAQ 100 measured by the PowerShares QQQ ETF. We have seen a steady rise in the S&P 500 in the same period, but the SPDRs does not have the exact same number of consecutive winning days. Then there is a chart showing some of the internal readings of late
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