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 (319)	5/23/2005 10:25:31 AM
From: J.K.	Read Replies (2) of 4814

Hey Terry, Hope your weekend was good. The melt-up continues it seems. Looking at this weekly chart, I am believing more and more in 2100 NAZ (38.50 Qs) before we get a significant pullback to at least the 2005 level. stockcharts.com[h,a]waclyyay[df][pd20,2!i!f][vc60][iUk12!Ug]&pref=G WilliamsR isn't above -20 yet. We're past midpoint on the Bollingers, with the top band destined for a 2100 meeting. OBV still has room to run. ...and I guarantee you, many shorts who saw their profits vaporized so quickly last week, are frustratingly trying to get something back by reshorting too early here - ergo the low-volume melt-up. J.K.

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