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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: Ken Adams who wrote (349)	8/20/2000 8:13:37 PM
From: Matthew L. Jones	Read Replies (1) of 840

Try using a day chart, an hour chart, and a 15 minute chart. Use a 10 period EMA Bollinger bands at +-2std deviations. Also use a %D (slow stochastic) set at 10,3 (10 period smoothed by 3) for finding over bought and over sold areas. I like find entries when the three time frames all coincide with entry signals (very strong) and then go long the QQQ. After the cycle swings to 60 min overbought, sell calls, and then ride them down to over sold on the 60 minute (generally a day or two). Then I look for an opportunity to buy the calls back when the 60 minute is over sold and make a few bucks. If I miss the opportunity, it is not the end of the world, because I will get called out when the upswing resumes... or the next cycle begins down several days later and I get another shot to buy them back cheap (due to time decay). The key is that I get a chance to make a single long term (one month) play and at the same time get a couple of short term plays if my timing is good with little or no risk other than that of not improving my 5% per month initial call write. Matt

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