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Strategies & Market Trends : 123 Trends and Reversals
QQQ 629.07+0.5%Oct 31 5:00 PM EST
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To: Michael Watkins who wrote (66)2/3/2001 1:44:49 AM
From: Ally  Read Replies (1) of 147
 
It is tough trying to determine the end of a retracement. Today, when QQQ was down $2, I could have sworn from the 5 minute chart that it was about to reverse. Bought it, only to see Nasdaq turned down and QQQ dropped another $1.50. However, I feel OK. As a swing trader, I have time on my side, and would hold unless the trend reverses i.e. fail support test of 2500.
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