Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Walkingshadow who wrote (477)	5/31/2005 7:20:22 PM
From: IHateSourCream	Read Replies (1) \| Respond to of 4814

Hi Terry, Another excellent explanation as usual. I suspect some of my questions may, at times, sound rather elementary. I appreciate your taking the time to explain and for making these charts amazingly understandable. I see your point about the AskResearch charts. The volume spike after 2:30pm does not particularly stand out. I'm looking (hoping!) for a pullback as well. Hopefully it will be sooner rather than later. Best regards, IHSC@TAis(SortOf)Fun!.com ;-)

To: Walkingshadow who wrote (477)	5/31/2005 7:41:34 PM
From: J.K.	Read Replies (3) \| Respond to of 4814

Hey Terry, ...agree with you in that the "appearance" of a reversal is better now than ever since this ramp began (negative divergences on the 60mins, among other signs). However, I still think a spike to 38.50 (NAZ 2100) remains a VERY REAL threat. I too saw what IHSC asked you about, and reading your explanation furthers my thought that what is keeping us up here is mostly short covering. Otherwise, we would have had profit-taking selloffs. If the shorts don't get relief soon, than we'll get that last spike, I believe. But, my personal plan has been to go 100% short if we hit 2100, OR begin shorting if we hung up above 2050 for a few days. Since we've been above 2050 for 6 days now, I began a 20% short position today. (note: I trade Rydex funds) I'll increase this position as the story unfolds here. Once we fill that 2005 NAZ gap, I'll cover. J.K.