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: J.K. who wrote (684)	6/7/2005 3:55:15 PM
From: Gush	Read Replies (1) of 4814

While I'm not the guru that Terry is on forecasting the Q's.. ( I Have been wrong before....), I believe that we won't see much selling of the Q's, and that the Q's will rally either tomorrow or the next day. (5,3,3) should signal bullish in a day or 2. I think the short term correction has already happened, and that we are not oversold. I WOULD NOT SHORT THIS MARKET. The (5,3,3) already showing the beggining signs of a bottom forming. My guess is $37.50 will be firm support, the BB's will contract and form a much tighter range of trading, and then the Q's will blast off again. Just my opinion, I'm not currently trading the Q's, but I am looking for an entry to go long. I would HIGHLY recommend staying on the sidelines instead of going short. Now I might change my opinion if the willy %r stays below -50 and does not make a shark tooth to go above -50 in the next 2 days.. Peace, Gush

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