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Strategies & Market Trends : Playing the QQQQ with Terry and friends.
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To: ds1975 who wrote (995)6/24/2005 12:03:18 AM
From: Walkingshadow  Read Replies (1) of 4814
 
Hi ds,

Both the 50 sma and the 200 sma are waiting just below.

These have almost converged now, and will provide strong support that should hold:

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

I think there's a pretty good chance that's exactly where SBUX will reverse-----somewhere between $52.40 and $52.84. But these are rising also, so the exact range will rise and decrease over time. Note also that the 100 sma is just below also, currently at $52.00:

stockcharts.com[w,a]daclyyay[dc][pb50!b100][vc60]&pref=G

T
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