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

To: Zeddie88 who wrote (476)	5/31/2005 7:36:27 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Hi Sue, Wow, that's some upside gap! 139.142.147.218 One thing clear is that there are definite sell signals from overbought territory. The question is how much of that gap will get filled. The huge volume spike suggests to me that the gap will not get entirely filled; there is just too much accumulation, which will exert a supportive effect. Whoever is jumping into this thing will no doubt be once again aggressively buying as it drops back down into the gap. I see some chart support at $16.00, so that's a reasonable place to lie in wait. I would NOT anticipate there, however; wait until buy signals appear. Because of the upside gap and the increasing upward momentum, HURC stochastics will probably not cycle back all the way to sub-20 levels. So I wouldn't make that a criteria for a long position. There is also better chart support at $15.60: stockcharts.com[w,a]wacayyay[de][pd20,2!a15.60][vc60][iLg!Lp14,3,3]&pref=G So that's another likely reversal zone. You can see that HURC is now trading near the top of a trading range that it has been in since last October. So I agree that a long position now is not a wise idea, particularly in view of the overbought status, new sell signals, and the likelihood that the markets in general will pull back here now. T

To: Zeddie88 who wrote (476)	6/1/2005 6:57:27 AM
From: Walkingshadow	Respond to of 4814

Here's one that is heading for a critical test in a critical sector: BZH stockcharts.com[w,a]dacayyay[dd][pb50!a55.50][vc60][iLg!Lp14,3,3]&pref=G 139.142.147.218 I see some disturbing signs here...this one bears watching. There's a lot of potential repercussions here. BZH like most stocks in its sector is heavily leveraged; major debt here ($1.15 billion, over half its market cap, and only $16 million in the bank). Also heavily shorted (27% of float), which might be at least part of the reason it has been kept afloat lately. If the homebuilding sector turns over, that will have no small effect on the financial sector. But the real concern is the real estate markets. There are rumblings there that could eventually lead to a prolonged downturn in several markets----equities, fixed income and real estate. I don't think this will develop any time soon, but the whole scenario is eerily reminiscent of earlier disasters. T