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

To: Kevin who wrote (189)5/18/2005 2:51:33 PM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
Yes, I agree.

Until this morning, I thought $36 would get tested for sure. But now I am not convinced we will get all the way down to that $36 support level. The pullback may find support at one of the levels above that first. Today's very bullish activity makes that more likely, but you could well end up being correct.

T



To: Kevin who wrote (189)5/18/2005 9:02:59 PM
From: J.K.  Respond to of 4814
 
I'm with you Kevin. I went short at eod today and am eyeing the 50 and 20smas as my target, which should be about at the same spot when we get there - around 36.20 I'm guesstimatin'. If we get that low, and reverse, then a nice inverse H&S is in the making with a 39.25 target.

J.K.


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