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 (349)	5/23/2005 9:36:23 PM
From: Kevin	Read Replies (1) of 4814

I agree fully with you that the technicals on the Qs looked considerably oversold when you said that you shorted. I know sometimes securities can push the overbought condition even further than "usual", but usually that's due to some sort of strong driving news (whether company-specific or industry-wide, depending on the given investment). I'm not sure if the Qs will fall far enough for a profit on your short, but I do believe that we'll see a retracement through one or two levels of support , that are former resistance levels on the rise. Have enjoyed reading your postings. I always respect the analysis from a person that looks at the facts. Good luck on your positions.

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