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

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To: Walkingshadow who wrote (121)5/17/2005 6:24:06 PM
From: Gush  Read Replies (1) of 4814
 
I don't think I have a good handle on how to gauge the stochs when it's higher than 80.. Everything above 80 looks over bought to me...

But the Q's lately seems to be staying above 80, and rarely close in the red.

Therefore, how does it hit over bought? And every negative trend is reversed quickly.. Perhaps the QQQQ will hit 100 and the stoch (5,3,3) will stay bullish with a few short corrections that rarely close in red? :~)

Confused,
GUSH :~)
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