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: Compadre who wrote (596)	6/3/2005 6:27:26 AM
From: Walkingshadow	of 4814

Hi Compadre, You are anticipating a break to the upside? To fill that upside professional gap? Hmmmm..... Well, I think the most important point about this chart is that IBM is now in a confirmed long-term downtrend, and has been for several months now. Usually, stocks beginning long-term downtrends stay in that trend (i.e., down) for at least a year, often several. stockcharts.com[h,a]daclyyay[dc][pb50!b90!f][vc60]&pref=G I think IBM will have its hands full once it encounters that declining 50 sma. T

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