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

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To: Gush who wrote (1666)8/3/2005 5:15:49 AM
From: Walkingshadow  Read Replies (1) of 4814
 
Hi Gush,

The BB width is pretty useful sometimes.

stockcharts.com[w,a]daclyyay[dd][pd20,2][vc60][iLyb20,2.0]&pref=G

The history with DNA was kind of erratic up until the big break in May. But I think it is telling us that it is about halfway through a cycle, and that the BBs must contract before they expand again.

The simplest way for that to happen would be a pullback to the mid-80s. But alternatively (less likely IMHO), DNA could move sideways for 3 or 4 weeks. That's what it did last time.

T
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