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

To: Walkingshadow who wrote (3013)	11/1/2005 4:08:29 PM
From: J.K.	Read Replies (3) \| Respond to of 4814

Hey Terry, I did the same, shorted the NDX, that is...but only for a scalp. Major indices are drifting between the 20 and 50smas, where the 50sma is on top. I expect a move back down toward the 20smas here. The DOW really looks like it may make the more powerful break out, as I've been thinking for how many months now? With DELL breaking its own back and the SOX out deep sea fishing, I'm thinkin' I'll reenter long the ol' $INDU. The SOX might get a nice cutback off its lows here, but when/if the market can break out of this 3-month down channel, I think I want to be aboard the DOW. J.K.