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Strategies & Market Trends : The Options Box

QQQ 626.24

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Jan 13 4:00 PM EST

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To: Jill who wrote (227)	5/12/2000 1:11:00 AM
From: Lee Lichterman III	Read Replies (4) of 10876

Any Piffers hanging out here? Interesting charts tonight. A lot of tweezer bottoms for the candle charts in some of the gorillas like INTC and "almosts" <g> in the DOW, R2K, SPX and OEX. What concerns me is that the P&F charts are already at or near the likely low pole retrace levels where a reversal often comes back down. Since I am not a hard core P&F type, I am curious what the Piffers think of the charts so far since many use different box sizes and may have a better read. GLW might be worth a look here. I am rpessed for time but it caught my eye tonight. Drop appears to be a retrace and teh bounce was off a long term fork mid tine. Yesterday's reversal was on high volume. MACD reversed off zero back up. Stochastics could have been a little better but nothing is perfect. Premium has already shifted somewhat so you won't get the best entry but....... I have no position in this one, yet. Good Luck, Lee

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