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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: GST who wrote (50726)5/15/2000 1:14:00 AM
From: el paradisio  Read Replies (2) of 99985
 
GST,Risk to reward is high,I hope you understand.
On Fri,I was bearish at close,I did some analysis
during the weekend and it looks that QQQ is probably marking a short term bottom at 84 and Dow at 10,500.
We shall see,if I was right or not. However,knowing that
I would not buy anything tomorrow.
If you want my adviceand you HAVE to buy something,buy
that calls when QCOM will take the resistance of 100.
If not,it will be a resistance to the upside.
If 100 will be taken away, you have a chance to take some profits at 120. Nice gain but risky.
Good luck,
el
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