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

To: da_cheif™ who wrote (4724)	5/8/2009 3:27:25 PM
From: Don Green	2 Recommendations Read Replies (1) \| Respond to of 4814

Please note: "Terry asks that I emphasize that he puts his pants on the same way everybody else does (one leg at a time, and on good days the left leg finds its way into the left pant leg, and the right leg into the right pant leg), that he is not the "Expert" or "Guru", that this is a forum where we help each other (so please leave oversized egos at the door where you take your shoes off before entering), and especially that he can make mistakes. We believe that the way to improve (and that is the goal) is to identify mistakes and try to correct them. That means we have to stay open-minded... and again, that we have to leave our egos at the door. And please treat others here the way you would want to be treated." Subject 55698

To: da_cheif™ who wrote (4724)	5/8/2009 3:59:04 PM
From: Walkingshadow	1 Recommendation Respond to of 4814

Yes. I am partially short QQQQ now, with a trailing stop on the long position. I expect that stop to trigger within the next session or two. I also expect both trades to be profitable. We are at a short term/medium term peak now. QQQQ is showing clear reversal signals, and is testing the 200 sma, and looking weaker and weaker. Nothing is ever absolute, and markets have an amazing ability to do things that are totally divorced from reality and make zero sense. But this is very high probability IMHO. WS