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


To: harnessbc who wrote (262)5/20/2005 3:01:34 AM
From: Walkingshadow  Respond to of 4814
 
Hi harnessbc,

<<.i do enjoy listening to how all of you guys play the wiggles, though>>

Well, the "wiggles" really shook us today! Some of us are short (me included), but I was wrong---there was little selling today.

But this cannot last. The question is not IF there will be a correct, the question is when.

I suppose QQQQ could move sidways, but there is selling volume that has not been dissipated, and support levels have to be tested before moving much further.

I think just playing the medium trends is a good plan with MFs

It is hard to time the short-term moves, and you cannot set stops either.

T