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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 (328)	5/23/2005 11:30:51 AM
From: J.K.	Read Replies (1) \| Respond to of 4814

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. ...that makes sense, and that would put it right around the 2005 NAZ gap too. J.K.

To: Walkingshadow who wrote (328)	5/23/2005 11:45:57 AM
From: IHateSourCream	Read Replies (2) \| Respond to of 4814

Hi Terry, First off, thanks for your detailed answer. I appreciate your taking the time. I apologize for all the questions, but I must admit -- I'm unclear about one issue. In your post to me, you said that it was likely that the 200 sma would be successfully tested: >>So, from top to bottom, that would be: 1. Chart support at $37--it is possible this will hold, but only moderately likely IMHO 2. 200 sma at $36.64---this I think is very likely to be successfully tested.<< Message 21349583 In your post to J.K. -- you said that you expected to see a pullback to just below the middle of the BBs (currently $36.04): >>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.<< Message 21350103 So to clarify, where is it that you feel the QQQQ is likely to pull back to -- the 200 sma or just below the 20 sma? Thanks in advance. IHSC