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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 (192)	5/18/2005 10:30:22 PM
From: J.K.	Read Replies (1) \| Respond to of 4814

Hey T, Might be a bit early, but I think we can start looking at a new set for the intermediate L/R chart: 139.142.147.218 How does that look to ya? The mid-avg support projects for around 36.65, and the lower rail projects for the low 36s. Also, notice today's candle is well out of the bollinger band: that bad boy needs to come back home for sure. Williams R is starting to roll over. The stochs look ready to roll too. Right now, I'm thinking the 36.70 36.60 area is the more likely reversal point for four reasons: 1) the strength of this breakout will limit the decline; 2) that is the mid-line of the L/R chart; 3) that gives enough room for the indicators to reset on their respective 50 lines (AV Gush); and the surest reason: 4) that is the area in which the the NAZ gap would be filled (2005). Anyone is free to challenge any of this. That's why I post it. The easiest person for me to fool is myself <g>. J.K.