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

To: Walkingshadow who wrote (121)5/17/2005 6:16:58 PM
From: Gush  Read Replies (1) | Respond to of 4814
 
Are you saying that you don't think the QQQQ's are overbought?

They look over bought to me buddy.

GUSH



To: Walkingshadow who wrote (121)5/17/2005 6:24:06 PM
From: Gush  Read Replies (1) | Respond to of 4814
 
I don't think I have a good handle on how to gauge the stochs when it's higher than 80.. Everything above 80 looks over bought to me...

But the Q's lately seems to be staying above 80, and rarely close in the red.

Therefore, how does it hit over bought? And every negative trend is reversed quickly.. Perhaps the QQQQ will hit 100 and the stoch (5,3,3) will stay bullish with a few short corrections that rarely close in red? :~)

Confused,
GUSH :~)


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