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

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To: Gush who wrote (418)5/25/2005 12:51:24 PM
From: Walkingshadow  Read Replies (1) of 4814
 
Yeah.... but it better be a FAST buck!

EYET is in dead cat bounce mode today.

Medium and long term, EYET is dead money.

stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60]&pref=G

stockcharts.com[w,a]waclyyay[de][pb50!b200][vc60]&pref=G

This one makes the short candidate watch list. I haven't looked at anything other than the chart, but this can potentially be repeatedly shorted over the coming year or two as it rallies into resistance. But we'll have to wait to see where resistance is defined. Probably it will be the 40 sma or 50 sma, but these are still far above EYET thanks to that monster gap down on huge volume (40 times normal volume).

T
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