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 (225)	5/19/2005 11:19:20 AM
From: J.K.	Read Replies (1) of 4814

Terry, ...the positive divergence in the full stochs is making me nervous about a continuing ramp. stockcharts.com[w,a]daclyyay[de][pb200!a2040!f][vc60][iUk12!Up14,3,3]&pref=G I think a lot of shorts are unwinding their positions, keeping the market from correcting much. 2040 NAZ has been a major congestion point for 2 years now, and in no way did I imagine that we'd be back here this soon. Now that we are back here, I think another grouping of shorts are getting nervous, and so we might be in for another 20-40 point ramp (NAZ) before we see a sharp selloff. This may take a week or so to play out. Please, somebody, tell me I'm wrong <g>. J.K.

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