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

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To: da_cheif™ who wrote (4659)5/7/2009 2:16:09 AM
From: Walkingshadow  Read Replies (1) of 4814
 
well.....hindsight is 20/20 of course, but that one sure didn't work out as planned.....

DJIA was trading at about 12,500 at that time, but lost almost half its value between then and early March 2009. But so did most everything else, except shorts, some commodities, a few other odds and ends. What a ride oil has been!

FWIW, I've been long oil since March 6, now have a tightening stop on it. Up pretty good so far, and the futures chart looks bullish with no hint of trouble yet, but I can't see this rally in the markets lasting into summer. We've come too far too fast, and the fundamentals are bleak, and consumer spending is DOWN once you filter out all the creative accounting. But doesn't that make intuitive sense? Anybody know people who are NOT circling the wagons?

T
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