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

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To: Gush who wrote (849)6/16/2005 7:28:01 PM
From: Walkingshadow  Read Replies (1) of 4814
 
TYC looks to be in trouble now, but it is still too early to say. It was in an uptrend, but then showed a topping pattern, failure at the 50 sma and 200 sma, then a bear cross:

stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60]&pref=G

Now TYC has rallied up to the downsloping 50 sma, which it has now crossed. TYC has pushed open the upper BB rail, and is testing resistance at the top of the gap:

stockcharts.com[w,a]daclyyay[dc][pd20,2!b50][vc60][iLk14!Lyb20,2.0]&pref=G

If TYC can get past this region of resistance, it will be in good shape. TYC is not a very strong stock, and is relatively overbought now:

139.142.147.218

I think we've got a bit more upside, then a correction is due.

T
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