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: rab120 who wrote (295)	5/20/2005 5:18:23 PM
From: Walkingshadow	Read Replies (1) of 4814

Yeah.... well, it didn't start today!! QQQQ traded low volume today (about 35% below normal), but closed near the high of the day. On the plus side, there is zero doubt that the correction is over since this week showed incredible strenght AND follow-through. On the minus side, I am still underwater, waiting for the correction that I know is coming. This is interesting, and testimony to the strength of the trend. Notice how the stochastics spend almost the whole day cycling between overbought and the mid-range, which was as oversold as this market could get today: 139.142.147.22 In fact, stochastics only dipped below 20 only once in the last several days. T

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