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

To: ds1975 who wrote (527)	6/1/2005 9:03:29 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Hi ds, Interesting idea, I have not looked at that. Here is the chart: stockcharts.com[w,a]daclyyay[dd][pb30!b50][vc60]&pref=G It looks to me like over the last year, the 30 sma has crossed back up through the 50 sma on 3 occasions: June and Sept. 2004, and just recently. The first occasion last June was followed by a rally lasting about a week or so, then a rather intense correction of about 14% over the next 6 weeks down to the V-bottom reversal of early August. The next occasion in September was different. After the crossover, we saw just a bit of pullback over a week or so, then a powerful rally that took the index from about $34 to about $40 (over 17%) over the ensuing 10 weeks. As of today, we have a new crossover: stockcharts.com[w,a]daclyyay[db][pb30!b50!f][vc60]&pref=G So on the two previous occasions in the last year, I'd say that 30sma/50sma MAX scenario worked out once, and didn't work the second time. T