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

To: Gush who wrote (352)	5/23/2005 9:17:02 PM
From: Walkingshadow	Respond to of 4814

<<Back when the 2 of us went short I don't believe the stochs(5,3,3) confirmed the trend.. That's where I think we went wrong...>> Yes, I think you are right. The lesson is that it is better to wait until you see the whites of their eyes. Since I am trading MFs, there is a certain amount of anticipation that is usually required, and sometimes anticipation can burn you. I went short Wed. the 18th at the close, and at that time Williams' was bending downwards a bit, and the 5-3-3 stochastic looked ready to crossover and signal... but it did not: 139.142.147.218 So I need to see QQQQ get down close to $37 to salvage some profit before I flip back to the long side. T