Jim's Nasdaq100 Special as a basket. Message Board

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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: Matthew L. Jones who wrote (1286)	10/10/1999 10:15:00 PM
From: OX	Read Replies (1) of 2103

I've only done one QQQ trade, a buy-write for Sept expiration (got called out :-). I've been too busy w/ my equity options trades to step into QQQ yet, but I do want to. In particular, I'm looking to probably do buy-writes on QQQ in one of my retirement accounts... but I have to free up some capital before I can do that in earnest. To tell you the truth, I am real eager to trade QQQ, but I haven't spent enough time watching it for me to dive in yet. From what I've noticed, forget all the indicators and buy at 120, sell at 126. ;-) that's the range it's been in since I've started looking at it. Seriously, I'm a big fan of stochastics (I think we've traded some posts on this) for 1 to 2 weeks swings; it seems to work well on indices (SPX/SPY). I too like BB. What do you think of NDX right now? I just noticed that it's been up 5 days strait--and 6 out of 7. I wouldnt' buy it here, but I wouldn't be eager to short it here either. oh... I don't think maxpain works for QQQ. QQQ trading seems to pull the maxpain point along with it--as I seem to notice w/ indices in general.

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