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


To: Gush who wrote (886)6/16/2005 3:24:25 PM
From: ds1975  Read Replies (2) | Respond to of 4814
 
Gush...

No doubt SBUX is set for a big move... I think the technical indicators (STO, MACD, Willy) are saying it will break to the upside...

SBUX has too much support... 30 da ma... lower BB... 50 day ma... to drop too far...

I think it is more likely... (if the major indexes assist) that SBUX breaks the 20 da... and pushes the top rail up...

If cup and handle is in play... should run somewhere close to 62...

JMO...

thoughts?



To: Gush who wrote (886)6/17/2005 11:32:32 AM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
SBUX is toying with the lower BB rail today, but I smell a reversal. They really took this one down hard this morning, but the decline was suddenly stopped by a surge of volume:

139.142.147.22

The stock is in an uptrend. This might be a good buying opportunity soon, but no technical buy signals yet:

139.142.147.218

I think another day or two or three will do it. This one should be carefully watched now.

T