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Strategies & Market Trends : The Options Box

QQQ 608.86

+0.1%

Nov 14 4:00 PM EST

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To: Lost to Voodoo who wrote (5558)	9/27/2000 2:50:29 PM
From: Jorj X Mckie	Read Replies (1) of 10876

I look at it, but I have always just used the regular tick to find the bottom. I haven't found the tick to be too useful to me unless it goes to the extremes. I am not bearish at the moment though. I may have dove in too early on a couple of things, but I am doing ok and I think that the upsid potential is greater than the downside risk (I said this last week though). I think that the selling that we have seen is just a cleansing after last Friday's selloff. Last Friday, I was commenting that the market action scared me...we should have bounced and then gone back down on the same day. This pullback this week was inevitable. IMO

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