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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 (3114)	11/6/2005 12:57:36 PM
From: J.K.	Read Replies (2) \| Respond to of 4814

...take a look at the chart starting from the beginning of the consolidation phase in Aug '04: AND, guess what weekly MA we just busted!: 139.142.147.218 I don't know how important the 200 weekly ema is, but it sure looks encouraging for the bulls here. This 2-year consolidation period looks healthy in that it is slightly sloping upward, with higher highs/lows. Also, the OBV is at bottoming point. RSI is above 50, and MACD is above 0. J.K. edit: just looked at BigCharts, and they have the 200 weekly ema at around 40.25 - 40.50. Anybody else have a thought on this?