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Strategies & Market Trends : Playing the QQQQ with Terry and friends.
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To: J.K. who wrote (1121)7/1/2005 12:19:21 PM
From: fiboman  Read Replies (2) of 4814
 
FWIW the support at 37 has turned into resistance. 37 was pounded pretty hard yesterday. It was not a sign of strength that it held as long as it did. It simply resulted in the elimination of willing buyers. Now there are lots of disillusioned buyers above 37 itching to get out. That inventory has to be eliminated before a rally can push through 37.
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