Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gush who wrote (108)	5/16/2005 7:04:01 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Hi Gush, As anticipated, we have now cleared resistance at $36, $36.40, and the 50 sma: stockcharts.com[w,a]daclyyay[db][pb200!b50!f][vc60][iLyb20,2.0]&pref=G QQQQ stopped shy of the 200 sma. Probably it will now pull back a bit and gather up strength for another charge at the 200 later in the week or early next week. The volumes today are consistent with that scenario. I think a pullback to test support at the 50 sma (currently $36.13) will occur very soon (probably tomorrow), and QQQQ may well drop a bit more to chart support at $35.95. I don't expect QQQQ to fall further than that. T