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


To: J.K. who wrote (212)5/18/2005 10:44:05 PM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
Very interesting. I notice that even if you shorten the regression channel duration, nothing really changes---as you say, QQQQ has gone too far now.

139.142.147.218

The $36.60 level is likely support, yes. One very good reason is that is exactly where the 200 sma currently sits:

stockcharts.com[h,a]daclyyay[pb50!b200][vc60][iUg!La12,26,9]&pref=G

The middle of the BBs is far below at $35.70, but rising fast.

stockcharts.com[h,a]daclyyay[pd20,2!b20][vc60][iLp14,3,3!Lyb20,2.0]&pref=G

So probably by the time QQQQ gets down to the 200 sma, that 20 sma will be much closer to the 200 sma, and if so that will increase the likelihood that this region is where reversal will occur.

T