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: d j chen who wrote (2995)	11/1/2005 3:15:18 PM
From: Walkingshadow	Read Replies (1) of 4814

FWIW, I just went short QQQQ and INDU. I think there will be a modest pullback now, but I doubt it will last long. Maybe only a day or two. One of the reasons I am going short now is the volumes. Today at the high of the day there was a significantly larger volume spike. When added to the previous spikes, that suggests to me a good probability that we will see a pullback while the market reacts. Again, I doubt the pullback (if it happens, that is !!) will last long at all. So there is also a significant chance I'll get whipsawed on this trade. Clearly, the medium-term and long-term trends are up, and we are looking down the bore of a year-end rally here. T

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