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: Compadre who wrote (742)	6/8/2005 2:33:49 PM
From: Walkingshadow	Read Replies (3) of 4814

Just saw another pretty large volume spike as QQQQ hit the low of the day, similar to what we saw yesterday but not as big. That will probably stop the decline for the rest of the session. Currently printing $37.63, which is $0.07 above the low of the day. 139.142.147.22 I don't think we'll go much lower today, and right now we're in the afternoon reversal period, so we could well see a bit of a recovery from the selling today going into the close. We still need to see more of this before this market can reverse and resume the uptrend IMHO. There's still a lot of unprocessed distribution pressure in the volume patterns that has to get worked off, but things are proceeding nicely for a strong resumption of the uptrend once this is accomplished. T

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