A.I.M. Users Bulletin Board

[Firebird400]

Hi Adam,
When I switched over to the Q's the 52 week trading range was $42.06 - 55.07. So I set up shop to make some $$$$ in this range. I recieved an email from Don Carlson reminding me that the Q chart was breaking down. SP500 at 52 week low but the Nas100 and Dow are not there yet. It is my gut belief after reading the charts that the Q's and the Dow are both headed for new lows. I could be 100% wrong, but I don't think so. I picked a bad time to commit so I backed out. Fri was just a guess at a deadcat bounce. My take on it is QQQQ will bust $42.06 to the downside, and soon. I just didn't want to sit here with my hands in my pocket doing nothing, when the charts look so awful. Nothing wrong with that? I'm up over 5% since 12/3/07 and going to hang on to it a little longer. I've got a nice short list I can re-enter to once we get some solid footing. Where's QQQQ going? My 2 cent opinion is $40ish soon, with a final washout $35 to $37ish by around 3/1/08. Just my take on it.