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

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To: Walkingshadow who wrote (924)6/20/2005 7:04:06 PM
From: Gush  Read Replies (1) of 4814
 
If SBUX turns bullish before loosing a few points I'll eat my shorts ;~)

Today's willy means nothing to me.. It's a half ass sideways willy.. Until it goes above -50 I'll have NO worries.
Historically , if you look at their chart, hammer candles mean nothing in terms of direction.

(5,3,3) short term bearish
(15,5,5) bearish .

SBUX is a very good stock to own.. And that is the only thing that worries me.... So if it moves up a point, I will exit. Iz just playing it for a few points down and Iz out...

It looks to be a good week or so of selling to me. And if contracted BB's mean anything, the selling will be strong. And if the Market heads down, so will this stock.

Just my opinion.

Peace,
GUSH
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