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Non-Tech : QQQ - Nasdaq 100 Trust

QQQ 608.86

+0.1%

Nov 14 4:00 PM EST

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To: Wando who wrote (113)	9/9/1999 12:42:00 AM
From: Mike Gordon	Read Replies (1) of 840

Wando, I agree with you. This market is spooked by interest rate fears. Honestly, when I shorted at 119.5, I had visions of 110 - 115 during this week. Shows you what I know. Today, we had a nice retracement down to 122 1/16 with a close of 123 1/8. I still think we should see 110. However, if I was that smart, I would have shorted at 125. I see nothing during the nest 5 weeks to convince me that we will be at record levels. And, agreeing that 3d quarter earnings will be stellar, I don't believe NAS100 PE's can withstand the October jetters. JMHO. Best of luck to you

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