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

To: Kevin who wrote (442)	5/26/2005 10:42:13 AM
From: Slagle	Read Replies (2) \| Respond to of 4814

Kevin: Look at the sizes of these blocks that have gone through in the last 30 minutes. My opinion is that when the big guys really want too they can step in and make a stock go any way they want. When that happens TA doesn't work at all. Maybe this can only go on only for a short period of time, but it can surely go on long enough to move a stock to an altogether different price level, either up or down. This may not happen often, but when it does the little guy better get out of the way. Think 911, or maybe the cubes lately <g> JMO. Slagle

To: Kevin who wrote (442)	5/27/2005 6:18:42 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Hi Kevin, Thanks very much.... I started posting something about that early this morning, but got pulled away suddenly in the middle of the post to stomp out brushfires, and never finished it. QQQQ continues to hover on a wing and a prayer. Meanwhile, considerable pressure to correct has accumulated and built up, and the magnitude of the reaction might be more than modest.... stockcharts.com[h,a]daclyyay[dc][pb50!b200][vc60]&pref=G Support levels below I place at: Chart support: $38.00 Chart support: $37.00 200 sma: $36.75 20 sma (middle of BBs) $36.50 50 sma: $36.17 BBs are extremely expanded now, at 4.02 stockcharts.com[h,a]daclyyay[dc][pd20,2!b20][vc60][iLyb20,2.0]&pref=G 5 other times since the beginning of 2004 they have been this wide, and each time rapidly contracted again. In order for the BBs to contract, the top rail must be pulled down, and that can only happen with a correction, and a pretty significant one. Needless to say, technicals are showing extreme overbought conditions. 139.142.147.218 Futures trading down a bit at the moment, oil is at about $51. T