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: stock2005 who wrote (4802)	6/8/2010 11:05:34 PM
From: Walkingshadow	1 Recommendation of 4814

Looks like you were correct.....there was a selloff after about 10/23 that saw QQQQ lose about 5%. I believe QQQQ is getting ready to rally here now. 10sma/21sma of the put/call has just crossed over, which is a bullish sign. Also, the put/call is dropping down now from extremely bearish levels that have not been seen since October 2008. The more extreme the readings, the better the contrarian indicator the put/call becomes. And the current readings are very definitely extremely bearish, hence the put/call is consistent with an impending rally. But that's not the only reason I think QQQQ will rally. Terry

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