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Strategies & Market Trends : The Options Box

QQQ 627.17

+0.1%

Jan 12 4:00 PM EST

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To: Poet who wrote (7437)	11/18/2000 10:46:29 AM
From: Lost to Voodoo	Read Replies (2) of 10876

Yeah Po, I think NAZ looks lousy, which I've been thinking generally, but especially since TLC pointed out the descending trianglishness of it all and we had that big discussion last weekend. Friday was the third close below that 2nd double top around 3500 at the right of the chart, as well as below the projected trendline from last year. This second double top targets 2500. If it weren't for this market being generally unpredictable and defying logic, I'd say we're definitely going there, but there's always the possibility of some kind of freak short covering rally or something. My odds are on the downside though.

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