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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 (324)	5/23/2005 10:48:55 AM
From: Gush	Respond to of 4814

I would expect the Q's to correct this week.. We are also heading into Memorial Day weekend, so I think the shorts may profit some. Just my opinion... I think shorting the Q's now is risky, and I'm just looking for an entry point to go long. GUSH

To: J.K. who wrote (324)	5/23/2005 10:59:12 AM
From: Walkingshadow	Read Replies (3) \| Respond to of 4814

Hi JK, Yes, I can see your point. But if you shorten the time frame to 1 year, you can see that the Naz is testing solid chart resistance dating back to early 2004: stockcharts.com[h,a]waclyyay[de][pd20,2!i!f][vc60][iUk12!Ug]&pref=G QQQQ has already surpassed this resistance and is now approaching higher chart resistance from early in this year: 139.142.147.218 I think we'll see a modest pullback to just below the middle of the BBs on that weekly chart here; following that, a continuation of the charge upwards. T T