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

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To: J.K. who wrote (324)5/23/2005 10:59:12 AM
From: Walkingshadow  Read Replies (3) of 4814
 
Hi JK,

Yes, I can see your point.

But if you shorten the time frame to 1 year, you can see that the Naz is testing solid chart resistance dating back to early 2004:

stockcharts.com[h,a]waclyyay[de][pd20,2!i!f][vc60][iUk12!Ug]&pref=G

QQQQ has already surpassed this resistance and is now approaching higher chart resistance from early in this year:

139.142.147.218

I think we'll see a modest pullback to just below the middle of the BBs on that weekly chart here; following that, a continuation of the charge upwards.

T
T
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