Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rab120 who wrote (295)	5/20/2005 5:18:23 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Yeah.... well, it didn't start today!! QQQQ traded low volume today (about 35% below normal), but closed near the high of the day. On the plus side, there is zero doubt that the correction is over since this week showed incredible strenght AND follow-through. On the minus side, I am still underwater, waiting for the correction that I know is coming. This is interesting, and testimony to the strength of the trend. Notice how the stochastics spend almost the whole day cycling between overbought and the mid-range, which was as oversold as this market could get today: 139.142.147.22 In fact, stochastics only dipped below 20 only once in the last several days. T