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

To: Jill who wrote (604)	6/3/2005 4:07:05 PM
From: Walkingshadow	Read Replies (2) \| Respond to of 4814

I wouldn't touch that long with a 10-foot pole, personally. stockcharts.com[h,a]daclyyay[dc][pb50!b200][vc60]&pref=G Touched the 200 sma, now it has pulled back and formed a second consecutive gravestone, closing just above the 50 sma and approximately on chart resistance. I wasn't watching this today (wasn't watching anything actually!), but if I was I would have shorted it right when it failed at the 40 ema just at the close. 139.142.147.22 I like to see a lower low below the first thrust down through the 40 ema, and PD didn't quite do that yet, so this would have been anticipating a bit. But I think it's a fairly decent short from a risk/reward perspective. Stop would be above today's high. T