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

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To: Walkingshadow who wrote (328)5/23/2005 11:45:57 AM
From: IHateSourCream  Read Replies (2) of 4814
 
Hi Terry,

First off, thanks for your detailed answer. I appreciate your taking the time. I apologize for all the questions, but I must admit -- I'm unclear about one issue. In your post to me, you said that it was likely that the 200 sma would be successfully tested:

>>So, from top to bottom, that would be:

1. Chart support at $37--it is possible this will hold, but only moderately likely IMHO

2. 200 sma at $36.64---this I think is very likely to be successfully tested.
<<

Message 21349583

In your post to J.K. -- you said that you expected to see a pullback to just below the middle of the BBs (currently $36.04):

>>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.<<

Message 21350103

So to clarify, where is it that you feel the QQQQ is likely to pull back to -- the 200 sma or just below the 20 sma? Thanks in advance.

IHSC
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