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 (879)	6/15/2005 10:33:06 PM
From: ds1975	Read Replies (1) of 4814

J.K. A few differences between today and April 12th... Then.. Sto... was approaching overbought Macd... was above 0 and declining... Q's were in a downward trend with all ma's in there correct order... Now... Sto... approaching oversold... Macd... below 0 and ascending... Q's are in an upward trend with all ma's in there correct order... The candlestick from today show that the Q's found support at the lower BB but also the 30 da ma... This was enough for me sell my puts... and move into wait and see mode... Chart looks like a tug-o-war... with resistance and support nearby... I prefer to wait for a confirmation... but have moved my bias to thinking we can move up from here... I am usually quick on these things... so a few more down days are most likely in the works... Would like to hear anyone's thoughts as well...

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