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

To: Zeddie88 who wrote (999)	6/24/2005 12:40:49 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Hi Sue, Yes, I agree. The only thing that has me concerned about HURC is not the double bottom but the fact that the second peak after the gap up was lower than the first. 139.142.147.218 The other thing concerning is the overall market trend, which has very clearly turned ugly, and will tend to drag most things down. On the other hand, that gap should provide pretty solid support. I do NOT think it will fill, thought it could be partially entered. Notice that HURC also is technically very oversold now. I agree with you that the 50 ema will provide support and a potential reversal/stabilization level. stockcharts.com[w,a]daclyyay[dc][pc50!b100][vc60]&pref=G That formation is not really a double bottom.... according to my definition anyway, a double bottom is a formation that occurs within the context of a downtrend after a significant decline. HURC is clearly in an uptrend. T