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 (1175)	7/7/2005 8:47:58 PM
From: Walkingshadow	Read Replies (1) of 4814

I think you've got a good plan. The bombing only provides impetus to a reversal here. Remember post 9-11? A pretty dramatic V-bottom there with a very strong rally after an initial knee-jerk selloff. 139.142.147.218 Volume was strong today in QQQQ. For the indexes, volume levels rose for the 3rd day in a row, but are still below normal. However, although there were no huge volume spikes, the volume patterns indicates some short-term distribution may be at hand before we move higher. Oil has pulled back now and looks ready to correct considerably, I think probably down to $54 - 56. There is may well reverse. Index futures are trading up pretty nicely in early trade. T

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