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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 (1187)7/8/2005 1:40:12 AM
From: Walkingshadow  Read Replies (1) | Respond to of 4814
 
Before today, I would have agreed.

But now today's candle casts considerable doubt:

stockcharts.com[w,a]daclyyay[dc][pd20,2!b200][vc60][iLg!Lk14]&pref=G

Also, the middle of the BBs held intraday. And the technical picture does not yet indicate sell. For now, I'd say the technicals indicate indecisiveness, or a period of consolidation perhaps.

I notice the $RUT has been gaining strength compared to the S&P500, and is now a rather strong index. I think you pointed this out previously, that the small caps were outperforming the bigger caps.

139.142.147.218

You might be proven right, but personally I don't like that kind of risk vs. reward.

How were you planning to short it? Directly, or ???

T