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: Walkingshadow who wrote (162)	5/18/2005 9:13:59 AM
From: Kevin	Read Replies (1) of 4814

The Qs are clearly far more overbought than SPY and DIA, so I agree that we could see a retracement in them today after the initial pop, which I still think can take us above 37 for only the 2nd time since the start of April. I agree that each economic report, by itself, only has a short-term influence on the equity markets, however the street's sentiment of what the Fed will do with regards to rate hikes has a longer lasting effect. Happy Trading.

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