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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Doug who wrote (68956)	2/11/2001 8:38:13 PM
From: CharlieChina	Read Replies (1) of 99985

Anticipation of a very small rally this week ... maybe 100-150 points on the NASDAQ ..then its time to sell naked calls out of the money....3 months out ...on most high techs ... have not made a trade since September 2000 ... but the reward outweights the risk now ... for the first time since September 2000 ... still looking for a 30-40% drop of the NASDAQ by May 2001 ... the smart money will be selling naked calls out of the money ... not shorting ... good luck to all ...should be lots of action from here on in ....till 3rd week in May 2001 In addition ....perhaps ...action on the downside on the Dow and S&P 500 .. In the US ...for large cash ... tax loss selling complets April 16, 2001 .... hence, the pressure is on ...starting Friday of this week ....

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