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

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To: Gush who wrote (84)5/16/2005 10:27:52 AM
From: Walkingshadow  Read Replies (1) of 4814
 
Pretty uninspired trading so far, but the SPX and INDU have meandered into positive territory. Nasdaq just followed, QQQQ is printing green now but not by much.

I'd like to see a bit of selling here down to support at $36. I'd be looking to go long down there, I think a lotta other folks will jump in, especially if it is after 2pm.

That scenario would set the stage for a nice afternoon rally.

We'll see.....

T
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