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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 (372)5/24/2005 12:22:38 PM
From: Walkingshadow  Read Replies (3) | Respond to of 4814
 
Just saw a series of pretty good sized volume spikes, and the biggest was exactly where I want it.

I do believe we just hit the high of the session at $37.92, at about 12:05.

That might end up being the exact best short entry right there.

We'll see.....

T



To: Gush who wrote (372)5/24/2005 2:01:33 PM
From: Walkingshadow  Respond to of 4814
 
Light crude spiking close to $50 now, evidently somehow related to talk that al Zarqawi might be wounded or captured, raising the possibility of retaliation in the oil fields.

I think a much simpler explanation is oil is in a long-term uptrend, successfully tested chart support after correcting for the last 6 or 7 weeks, and is now regathering upwards momentum from extreme oversold levels for a test of overhead down the road apiece:

futuresource.com

T


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