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

To: rab120 who wrote (178)	5/18/2005 1:03:23 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Yeah, that thing is really moving. Incredible. I didn't think it would clear $37, but it sure did! HOD $37.40 so far, volume strong at 78 million! But.... I remain convinced, this thing is gonna correct. This is actually better, because it means that QQQQ can catch it's breath for a bit longer, since there's more downside cushion. That also suggests that the upper support levels are more likely to hold, rather than the $35.95 support being tested. Volume spikes as QQQQ has rallied will eventually add to the ones from yesterday to stop this rally. I think that will occur very soon, and may well begin after the lunchtime lull (i.e., post 2pm). 139.142.147.22 So... for better or for worse, I'll be short at the market close. We'll have to wait and see how that works out I guess. T