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 (110)	5/17/2005 3:58:19 PM
From: Walkingshadow	Read Replies (2) of 4814

QQQQ blew past resistance from the 200 sma ($36.58) after the Treasury started making hardball statements about pressure on the Chinese to revalue their currency. QQQQ is now trading at $36.71 near the high of the day, closing in on the next test at $37.00. I don't think it will make it that far, and may well fall back below the 200 briefly before re-gathering itself for another charge upwards. T

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