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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: donald sew who wrote (30365)	9/20/2000 2:44:30 PM
From: Peace	Read Replies (1) of 42787

Hi Don, I know that the DOW and SPX have taken it on the chin but the NDX looks quite healthy. Maybe the DOW is simply lagging the NDX. Remember the DOW never sold off much during the NDX's 15% decline. The NDX retraced about half the recent gain then rebounded solidly. The NDX also sported a falling wedge this morning and broke out nicely from there. I still would like to see that 3800-3850 area taken out solidly before getting overboard but we might just get that. The question is will the Dow lag the NDX and catch up later or will the NDX join in with the Dow. I bought oct 90 calls on the QQQ on the breakout from the wedge and am up solidly on that trade. I will wait for the 3850 areas test before deciding on the next move. If we breakout of there it will be margin time. Peace

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