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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 (408)5/25/2005 10:23:29 AM
From: Slagle  Respond to of 4814
 
Gush, Re: QQQQ Some really big block trades going through around 10:14-10:16. Hope it keeps up so I can get out of this underwater short. <g>
Slagle



To: Gush who wrote (408)5/25/2005 10:44:35 AM
From: J.K.  Respond to of 4814
 
Interesting Gush - I didn't see those lines crossed before this morning's opening.

Here comes the choppy action I've been expecting. However, I did fully expect today to push higher, but obviously I'm wrong on that.

We'll see if this is the beginning of the correction back down to 2005 NAZ, or just sideways chop-chop. I'd be nervous about shorting until we cleared 2040.

Good luck this week - off to Disney but will check in later tonight.

Peace upon you -g-,
J.K.



To: Gush who wrote (408)5/25/2005 1:31:56 PM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
We have confirmation now from the slower stochastic setting (15-5-5-):

139.142.147.218

Look for stochastic reversal when the downsloping trendline across the decling peaks of the stochastic over the last months is reached. That is a support level of sorts.

T