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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 (467)6/1/2005 12:25:12 PM
From: Slagle  Read Replies (1) | Respond to of 4814
 
Terry, You appear to be fairly bullish about the QQQQ's and the market in general for some longer term period but you expect to see a considerable pullback in the QQQQ's first. I'm wondering if that is not squeezing things a little tight time-wise. Of course anything could happen, but it seems to me there are a great number of risks to the stock market in general, maybe by early next year or even sooner.

If interest rates stay extremely low, as now seems to be likely then that will cause the dollar to weaken, indeed it may have already have made a top. If that happens then oil will probably run back up and crash the economy. Another thing is just the passage of time, this present rally which may have begun in late 2002 is nearly three years old and that is getting a little long in the tooth for a rally. In other words, it is time for a big pull back and this could take indexes back to near the 2003 lows (or even below, if you believe the bear case).

To have much of a rally continue from here next quarter earnings better be good and that period is fast approaching. What are you thinking, that the QQQQ will decline from now till then and then rally on the strength of the numbers?

It just seems to me that things are getting a little tight time wise for a pullback/big rally before the next potential go-down (which could really be a biggie).
Slagle