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 (1142)	7/6/2005 3:28:12 AM
From: MJ	Read Replies (1) of 4814

J.K. Go to the longer term charts. The small caps were under accumulation in 2003 -----showing a constant rising trend into a new band of support and resistance. Small caps then bounced around in that new band. Now we have the small cap flirting with the top resistance--------if imo we break that top resistance we could see another nice leg up in the small caps----if not then more backing and filling. Given the accumulation of 2003 and 2004----then I believe the breaking the top is likely. I checked the chart and they don't give an OBV on this------for me OBV would confirm or not confirm----so some guess work just now. mj

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