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

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From: J.K.6/15/2005 9:41:02 PM
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...candle today looks very bullish, but with opex in play, I trust no one; I trust nothing.

stockcharts.com[w,a]daclyyay[db][pd20,2!i!f][vc60][iUe5,10,1!Up14,3,3]&pref=G

Qs still stopped under the 20sma, and failed to push open the contracted BBs. I think the tag on the lower BB today may well be a tease, and we'll get back there very soon. Similar thing happened around April 12. Same story for the SOX.

...but if today's candle is confirmed tomorrow with a close above the 20sma, well then I'll have to start looking at a long position.

J.K.
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