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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Gush who wrote (31)	5/11/2005 10:18:22 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

There are several layers of resistance... I guess you can think about it as a resistance region, much like we saw previously when QQQQ took a few ill-fated charges into the very heavy resistance above $38. stockcharts.com[h,a]daclyyay[dc][pd20,2!b50][vc60][iLyb20,2.0]&pref=G The first is at $36.00, which represents chart resistance, and also resistance from the upper rail of the regression channel. Next we have the upper BB rail at $36.17, and this flattened out today (but is still acutely contracted). After that, there is the 50 sma at $36.21, and this is dropping. Next there is the 200 sma at $36.55 Lastly (on there is chart resistance again at $37.00. I don't see QQQQ blowing thru all these on this attempt, but it will make a pretty good run towards $37, then likely pull back a bit for a breather, then another charge forward. T