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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 (4530)	8/10/2007 7:57:53 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 4814

Well, looks like more panic ahead today. Asian and European markets were a solid sea of red, most markets down 2 or 3%. Index futures bottomed early, rallied back a bit, then retraced back to the bottom. Now the futures are down more than 20 points, hitting the session lows. Meanwhile, QQQQ is getting killed in premarket. At the moment, it is down 1.4% (currently 90 minutes before the open). So, we'll see another big gap down at the open. Looks like there will be blood in the streets once again today. There is chart support at about $47, but right now QQQQ is trading at just about that level. T