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Strategies & Market Trends : Playing the QQQQ with Terry and friends.
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To: da_cheif™ who wrote (4724)5/8/2009 3:59:04 PM
From: Walkingshadow1 Recommendation   of 4814
 
Yes. I am partially short QQQQ now, with a trailing stop on the long position. I expect that stop to trigger within the next session or two. I also expect both trades to be profitable. We are at a short term/medium term peak now. QQQQ is showing clear reversal signals, and is testing the 200 sma, and looking weaker and weaker.

Nothing is ever absolute, and markets have an amazing ability to do things that are totally divorced from reality and make zero sense. But this is very high probability IMHO.

WS
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