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


To: Compadre who wrote (598)6/3/2005 6:32:00 AM
From: Walkingshadow  Respond to of 4814
 
HiCompadre,

There are some who feel that way and would agree.

Personally, my interpretation for the last week has not really changed: a short-term and perhaps now even a medium-term pullback to test support is inevitable. The question is not if, the question is when. I think it can begin at any moment.

Here's something else that nobody has mentioned. Almost always when there is a trend reversal, there is pullback to test old resistance/new support.

We have not seen that yet. This rally has barely paused since the bottom.

stockcharts.com[h,a]daclyyay[dc][pb50!b90!f][vc60]&pref=G

That is abnormal.

T