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

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To: Dr. Stoxx who wrote (4524)8/8/2007 2:25:50 PM
From: Walkingshadow  Read Replies (1) of 4814
 
Hi TC,

I agree.

The put/call also suggests further upside. The 10sma spike has just started to pull back down to reality from extreme bearish levels.

From a sentiment perspective, I'd say it may well take the better part of a week or more for the put/call to get back down to the extreme bullish levels I'd like to see before shorting into this rally.

Although the put/call is clearly signaling here, it looks like we may not get a clear indication from the put/call as to when the top might form.

Let's see how other things develop as we move up.

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