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: Gush who wrote (95)	5/16/2005 1:58:05 PM
From: Walkingshadow	Read Replies (1) of 4814

QQQQ is testing $36.40 resistance and 40 ema support repeatedly: 139.142.147.22 Volume rather uninspiring so far, but this back-and-forth between support and overhead is coming to a head soon, this can't last. All the intraday moving averages have converged on price, and everything is starting to go sideways. 139.142.147.22 This is a classic setup for a post-lunch period break. So I think we'll see a break after 2pm one way or the other. I hope it's down to pick up more volume support. A quick glance at volume patterns gives that impression, but I haven't looked in any detail. T

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