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: ds1975 who wrote (565)	6/2/2005 4:45:14 PM
From: rab120	Respond to of 4814

The move of weekly sto. must be completed, which means higher price. I asked Terry about that, unfortunately didn't get an answer stockcharts.com[g,a]waclyyay[pc12!c26][vc60][iUb5!Ud20!Lp14,3,3!Lk14!La12,26,9!Lah12,26,9!Ll14!Lv25!Lc20]&pref=G

To: ds1975 who wrote (565)	6/2/2005 7:41:43 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Trees don't grow to the sky. Every market goes through corrections. The longer this is delayed, the more unhealthy things get. This is starting to set the stage for a much more severe correction than I had hoped. It would have been much better if this market corrected only modestly, which might have been possible a week or so ago. Now, all that has happened is that QQQQ has engorged far more of the seeds of its own destruction. But let me be clear: the long-term uptrend is not threatened IMHO. The short term uptrend very definitely will stop. But it is the medium term that has me increasingly concerned now. The possibility of a severe correction is increasing with each passing day, not just because of the time delay, but also because each day there is more distribution volume accumulating that must be dissipated. T