Playing the QQQQ with Terry and friends. Message Board

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Strategies & Market Trends : Playing the QQQQ with Terry and friends.

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To: rab120 who wrote (247)	5/19/2005 10:12:04 PM
From: Walkingshadow	Read Replies (1) of 4814

Yeah, me too! I can't believe this.... QQQQ closed at the HOD. No volume bias today, which was less than yesterday's total volume, and also less than average. Now we have 5 consecutive up days in a row for the first time this year. TICKs are at high levels and falling now. TRIN and TRINQ show opposite signals, with TRIN looking bearish and TRINQ still looking bullish (!!). Volatilities are not particularly helpful here. So market internals do not give a consistent picture. There is STILL volume pressure downward that the markets have yet to react to. This is basically unchanged from yesterday. Technicals show overbought conditions, of course. 139.142.147.218 Incredibly, the intraday chart does not yet show sell signals: 139.142.147.22 So.... I'm sittin' here underwater on a short position now! Let's see what happens tomorrow, end of the week, and options expiry. And speaking of which, the Max Pain point for QQQQ options expiration is $36.00: iqauto.com T

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