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: stock2005 who wrote (676)	6/7/2005 8:40:31 AM
From: Walkingshadow	Read Replies (3) of 4814

Could be, but: 139.142.147.218 There are sell signals in Williams with stochastic confirmation, and MACD looks near a sell signal confirmation as well. QQQQ has pulled back from the upper BB rail, and formed a Doji yesterday, admittedly on very weak volume, so this is not as significant as it usually would be. Fast stochastic on the weekly chart shows a sell signal now at overbought levels and resistance from the upper rail of the regression channel: 139.142.147.218 There was yet another big volume spike indicating distribution yesterday right at the high of the day, and in fact that caused the pullback around 2pm, but there is a lot of this that has not been processed as yet, as the market continues to delay a correction. Index futures indicate a higher opening for the cash market; a modest gap up. T

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