Playing the QQQQ with Terry and friends. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J.K. who wrote (9)	5/11/2005 12:08:56 PM
From: Walkingshadow	of 4814

Check out the $SOX: Long term chart suggests a move down to the 350 region: 139.142.147.218 But look how contracted the BBs are, and the $SOX is sitting just above chart support. stockcharts.com[w,a]daclyyay[dc][pb50!d20,2!f][vc60][iLyb20,2.0!Lp14,3,3]&pref=G 139.142.147.218 It is too soon to tell, and the technicals suggest downside here, and also the $SOX is overbought (but not extremely overbought). But that said, I think there's a reasonable chance we could see the $SOX reverse when it hits chart support, then blow that upper BB rail open. That makes a short position in QQQQ prohibitively risky at this point. T

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next