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

To: Walkingshadow who wrote (584)	6/3/2005 12:38:00 AM
From: J.K.	Read Replies (1) \| Respond to of 4814

Your comments on the SOX make good sense. I had forgotten about that H&S, whose bottom neckline naturally makes for a resistance line. On the cautious note, that is an ascending triangle forming on the SOX and it is possible it could break through now, though the odds are against that. stockcharts.com[h,a]daclyyay[de][pb9!b4!f][vc60][iUk12!Up5,3,3]&pref=G Another point of caution is that since 38.50 has cleared, the air is thin, volume/price wise, until about 39.50: stockcharts.com[h,a]daclyyay[dc][pi!b4!f][vc60][iUk12!Up5,3,3]&pref=G 39 is a natural resistance though, and as I mentioned earlier, is the target of an ascending triangle formed on the 15min chart (2122 NAZ - my thumbs typed in 2112 earlier). Also (ranging off the reservation a bit), the DOW is at a critical point and a break of 10600 could extend this rally: stockcharts.com[h,a]daclyyay[dd][pi!b4!f][vc60][iUk12!Up5,3,3]&pref=G ...and the SP500 has already cleared into thinner air: stockcharts.com[h,a]daclyyay[dd][pi!b4!f][vc60][iUk12!Up5,3,3]&pref=G Anyway, my plan A outlook right now is that the SOX tops at 445ish, with the NAZ topping as high as 2120 (39Qs). But, those above cautions are up front in my mind Sorry for the long posts, but when a trend reversal is at hand, I get to thinking a lot. J.K. BTW, fascinating question to Kevin about AAPL - looking forward to the answer.

To: Walkingshadow who wrote (584)	6/3/2005 3:28:58 AM
From: Compadre	Read Replies (1) \| Respond to of 4814

In looking at the NDX, it looks like it has got a new wind. Specially RSI 14 that is in thin air but showing a new impulse. Yesterday I was thinking may be Friday would show a top. But today, that changed things and if we do get a top tomorrow, it may just be a shallow pullback. This is beginning to be like a pinning the tail on the donkey game. <g> stockcharts.com[r,a]daclyyay[dc][pb233!b55!b21!b5!d21,2!i!a1591!f][vc8!c34!][iLp9,1,5!Lb14!][J22223395,Y]&pref=G