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: Dr. Stoxx who wrote (4524)	9/7/2007 9:00:50 PM
From: Walkingshadow	Read Replies (1) of 4814

Hi TC: Have a look at the NASI vs. QQQQ over the last 6 years..... Clearly the NASI is coming off an extreme low now. The last time the NASI was hitting extreme lows like this was the reversal after the medium-term correction in Spring 2005. The NASI again revisited similar lows (although not quite as extreme) at the reversal after the medium-term correction in Spring 2006. This market will rally through the end of 2008 (though not without a few stumbles and soft spots along the way of course). You heard it here first. Well..... maybe not first, but anyhow..... Not a good time to pile into medium-term or long-term short positions with size, IMHO. Very risky to bet against the NASI, as you can see.

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