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 (108)	5/16/2005 7:04:01 PM
From: Walkingshadow	Read Replies (1) of 4814

Hi Gush, As anticipated, we have now cleared resistance at $36, $36.40, and the 50 sma: stockcharts.com[w,a]daclyyay[db][pb200!b50!f][vc60][iLyb20,2.0]&pref=G QQQQ stopped shy of the 200 sma. Probably it will now pull back a bit and gather up strength for another charge at the 200 later in the week or early next week. The volumes today are consistent with that scenario. I think a pullback to test support at the 50 sma (currently $36.13) will occur very soon (probably tomorrow), and QQQQ may well drop a bit more to chart support at $35.95. I don't expect QQQQ to fall further than that. T

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