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To: Moominoid who wrote (134358)7/13/2006 6:38:11 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
David,

What is your target for the QQQQ? I think 36.20 area should be a decent entry...



To: Moominoid who wrote (134358)7/13/2006 7:22:46 PM
From: venividivici  Read Replies (2) | Respond to of 209892
 
Here's a chart of the last three months' QQQQ, which I posted on an SI thread. The initial correction off the June 14 low retraced .618 of the final decline from 39.97 to 37.14 and took 6 trading days. A similar correction here would take us to ~38 QQQQ by op-ex.

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