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currently in media there is abundant mention of QQQ breaking thru its july 02 lows and how this portends that snp and dow will do the same with casual references to this as repeating pattern in this bear market - qqq as leading indicator. note that when examined this is exposed as completely false belief, with spy and qqq breaching technical support during the april 01 and september 01 plunges within 1-2 days of each other, i.e. simultaneously. all time high in s&p and naz also simultaneous in march 00, and dow high actually in january of 00 so this notion of naz as leading indicator is complete fabrication.

i believe that all divergences are important so the more appropriate question is why this divergence now between qqq and snp. and what does this tell us about market.

good luck.

tr
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