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

To: J.K. who wrote (1175)	7/7/2005 7:56:46 PM
From: J.K.	Read Replies (1) \| Respond to of 4814

...with the strong support today, I stayed 1X long the Qs, looking for continued move to 20sma, only .30 away, but the 200sma may be as far as she goes for now: stockcharts.com[w,a]daclyyay[db][pb200!b20][vc60][iLb12!La8,17,9]&pref=G SPX continues to look weak as it appears to be shaping a bear flag over the last 10 days (as does the NAZ, by the way). 139.142.147.218 DJI looks like it is shaping a declining wedgy. 139.142.147.218 If the weakness I sense takes hold, I betcha next week will be the moment. J.K.

To: J.K. who wrote (1175)	7/7/2005 8:47:58 PM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

I think you've got a good plan. The bombing only provides impetus to a reversal here. Remember post 9-11? A pretty dramatic V-bottom there with a very strong rally after an initial knee-jerk selloff. 139.142.147.218 Volume was strong today in QQQQ. For the indexes, volume levels rose for the 3rd day in a row, but are still below normal. However, although there were no huge volume spikes, the volume patterns indicates some short-term distribution may be at hand before we move higher. Oil has pulled back now and looks ready to correct considerably, I think probably down to $54 - 56. There is may well reverse. Index futures are trading up pretty nicely in early trade. T