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Non-Tech : QQQ - Nasdaq 100 Trust
QQQ 621.08-0.1%Nov 12 4:00 PM EST

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To: Matthew L. Jones who wrote (341)8/4/2000 9:18:06 AM
From: c.r. earle  Read Replies (1) of 840
 
Matt,

Very impressed with your call on a long play with the QQQ, very near perfect. I had been short the QQQ with Aug 85 puts, and missed the move yest. (sleeping, working nights), (what a time to be working nights). So here are my thoughts, it looks as though the QQQ is going further add to its gains yest. and may for another day or two. But even with the market neutral numbers (unemployment report) out this am. my feeling is that the Nas. will sell off in the next week or two and really needs to retest the May lows. The Nas even with yest. surge is approx. 130 points below its 200 ma. So rather than sell into todays strength and loss, my thought is to increase my putt position with the Aug. 85's.

Are your charts able to give you direction enough to add insight into my position. Any comments would be greatly appreciated.

Glad I stumbled onto this site.

Regards
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