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

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To: Gush who wrote (886)6/16/2005 3:24:25 PM
From: ds1975  Read Replies (2) of 4814
 
Gush...

No doubt SBUX is set for a big move... I think the technical indicators (STO, MACD, Willy) are saying it will break to the upside...

SBUX has too much support... 30 da ma... lower BB... 50 day ma... to drop too far...

I think it is more likely... (if the major indexes assist) that SBUX breaks the 20 da... and pushes the top rail up...

If cup and handle is in play... should run somewhere close to 62...

JMO...

thoughts?
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