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: rab120 who wrote (1632)	8/1/2005 12:11:41 AM
From: Walkingshadow	Read Replies (1) of 4814

Some very interesting indicators there.... Consensus is clear, this market is extremely overbought. Of course, overbought can always stay overbought for a while, but that's already happened. So the odds that it can stay overbought are diminishing all the time. I am short and not covering here. Index futures up a bit now, oil spiking to $61 intrasession, with a test of the highs looming close. The dollar is hovering, catching its breath here after quite a run. Gold continues moving up, and still looks pretty good. T

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