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

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To: J.K. who wrote (1175)7/7/2005 7:56:46 PM
From: J.K.  Read Replies (1) of 4814
 
...with the strong support today, I stayed 1X long the Qs, looking for continued move to 20sma, only .30 away, but the 200sma may be as far as she goes for now:
stockcharts.com[w,a]daclyyay[db][pb200!b20][vc60][iLb12!La8,17,9]&pref=G

SPX continues to look weak as it appears to be shaping a bear flag over the last 10 days (as does the NAZ, by the way).
139.142.147.218

DJI looks like it is shaping a declining wedgy.
139.142.147.218

If the weakness I sense takes hold, I betcha next week will be the moment.

J.K.
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