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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 (1005)	6/24/2005 1:46:47 AM
From: Walkingshadow	Respond to of 4814

Yes, I agree the market will pull SBUX. That said, I don't think downward momentum will increase here, but rather slow down some. We may even see some very limited upside relief tomorrow. Overall, the trend (long-term) is up, and the medium-term correction is over. For these reasons, I cannot see strong, sustained downward momentum developing, and today might well prove to be excessive. QQQQ will kind of chop down from here over the next week or two, IMHO. Oil will have little real effect at this time (next year, that may well change!). But it will be good for one thing, at least: it will influence sentiment. People will be talking about it more, because they always will look for an understandable "reason" for market movements, especially strong ones. T