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Author: sonar69 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36686  
Subject: Re: double bottom question Date: 9/8/2001 8:22 PM
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As it is, the Naz is in a pretty narrow and steep down trend. If you were trading the QQQs, a good trade would be to wait for
price to hit the upper trend line - then go short - I would consider that to be a very low risk trade and thats pretty much the way I
think you are supposed to trade when price is in a channel like this.

Just a rookie, but isnt the risk of QQQ breaking the upper trend line to the up side higher now as we get closer to April lows? Wouldnt this mean higher risk?

Having said that, even if we have a strong rally, and the medium term trend changes to the up side, is there a high probability that in the process, QQQ would still decline at the upper trend line of the current down channel in the process of establishing the new up trend?

I hope the above question makes sence!

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