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To: Shack who wrote (130531)3/10/2006 12:57:26 PM
From: chainik  Read Replies (2) | Respond to of 209892
 
<Here's a fun bet if anyone wants to take me up....I think the low is in for the year on the QQQQ as of this morning>

S, you are such an optimist (g).

From the bearish point of view this rally looks like an opex-related low-volume bounce from oversold level, nothing else.

The major problem is the 10-Yr note going down, and, according to COT, it is not even close to the bottom.
freecotcharts.com



To: Shack who wrote (130531)3/10/2006 1:15:56 PM
From: venividivici  Read Replies (1) | Respond to of 209892
 
If the C down on the QQQQ is 61.8% of the A down, you're right, today's low is probably the low.

I assume you just bet for pride, right? If so, I'll take it!



To: Shack who wrote (130531)3/11/2006 10:43:59 AM
From: skinowski  Respond to of 209892
 
You're on, my friend.... i see what you see - the good size putative Flat off the year's top, with potentially very positive implications. But -- Charts can always change to nice or to nasty in a matter of days... and you have a few heavy items weighing against bulls for later this year -- the Bull is getting old... we are rapidly approaching the period of "less than bullish" seasonality... the 4 year cycle is about to enter its most bearish part.



To: Shack who wrote (130531)3/11/2006 5:33:37 PM
From: Moominoid  Read Replies (1) | Respond to of 209892
 
I'll bet against you on that one. Though I reckon the high for the year isn't in either.