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

To: J.K. who wrote (482)	5/31/2005 7:49:35 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 4814

Hi JK, That seems reasonable... that 2005 gap will end up being close to the middle of the BBs. It is hard to say, but that would probably roughly correspond to about $37 in QQQQ. Also, there is the psychologically important 2000 level just below. There is some chart support first at 2050. But if 2000 is broken, there is support below at about 1975: stockcharts.com[w,a]dacayyay[dc][pd20,2!a1975][vc60][iLg!Lp14,3,3]&pref=G T

To: J.K. who wrote (482)	5/31/2005 11:53:43 PM
From: J.K.	Read Replies (1) \| Respond to of 4814

...indications, but no confirmations of a top on the dailies - candle is a spinner: 139.142.147.218 check out the declining volume trend setup since the run from 36: 139.142.147.218 ...until we get a red stick with high volume that breaks this declining volume trend, the Qs are biased up. Near-term support is to 37.85 to fill that closed gap from last Thursday. Near-term price/volume support there also: stockcharts.com[h,a]daclyyay[da][pi!b4!f][vc60][iUp5,3,3!Up15,5,5]&pref=G (BigCharts shows it clearly as well on the intraday [10-day] - sorry, can't link) J.K.