Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.K. who wrote (1021)	6/25/2005 2:47:00 PM
From: J.K.	Read Replies (2) \| Respond to of 4814

I just now looked more closely at the big volume just after 3:00 on Friday. Some 65M shares within 10 minutes (45% of the day's volume)!!! - and the price hardly moved. What I thought was heavy action last Tuesday at 3:00, was small-time compared to this. I caught where somebody attributed this to a reshuffling on the Russell 2000. Anybody know and care to explain what they think happened there.

To: J.K. who wrote (1021)	6/25/2005 5:19:53 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Yeah, I saw that volume spike in QQQQ: 139.142.147.22 Some of it could have been short covering. No doubt many shorts were looking to close their positions before the weekend, and also the last minute of trading there was a huge spike of volume (MOC orders I suppose, likely short covering too). But most of that afternoon volume looks like buying to me. On the index itself something similar occurred, except it started just after 3:30pm and lasted for about 20-30 minutes. So there's buying not just into the derivative (QQQQ) but also into the underlying stocks. This was much smaller than the buying we saw on Thursday. This is the kind of thing that is going to end this pullback. In fact, I suspect this is the beginning of the end right here. There's not enough buying yet to stop the downtrend, but I suspect we will see more of this kind of thing next week. If so, I will be looking to cover. T