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Strategies & Market Trends : The Options Box

QQQ 616.28

+1.4%

Jan 21 4:00 PM EST

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To: SecularBull who wrote (1114)	6/1/2000 5:39:00 PM
From: RocketMan	Read Replies (1) of 10876

I agree, LoF. The bears have been scared lately (as they should be), and shorts have been covering ahead of tomorrow's numbers. I wasn't impressed by today's volume -- this was more indicative of short covering than of a broad rally. I suspect we will continue to rally tomorrow, as long as the numbers aren't disastruous, then come back down as we near the FOMC meeting. There is too much uncertainty there to support a long-term trend reversal. I will look to get back in once the Fed is done or once the economy goes into recession, whichever comes first. Besides, I suck as a day trader.

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