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TJ Parker

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TJ Parker

Re: Train Guy post# 245101

Friday, 05/14/2004 10:17:43 AM

Friday, May 14, 2004 10:17:43 AM

Post# of 704019
re "square wave" - i was talking about this with someone here the other day. its pretty obvious on say a 60-min chart of qqq between 5/03 and today. up until yesterday, there was a pretty clear channel of about 1$ on qqq, and we'd keep slamming against the extremes with a period of about 1 day.

now its beginning to look more like an expanding triangle (! more volatility to come!?), but i suppose we'll see ... . maybe we're just going to bang back and forth between 34.38 and 35.38 for a while, until they shake the change out of everyone's pockets.
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