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Strategies & Market Trends : The Options Box

QQQ 622.94

-0.1%

Dec 4 4:00 PM EST

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To: Poet who wrote (7731)	11/29/2000 9:26:42 PM
From: Poet	Read Replies (1) of 10876

I want to correct something I said about the state of the Nasdaq (NDX) futures,for which I credit the Clown Killer thread: Many people are not yet aware of is that the NDX trades for 15 minutes after the close. During those 15 minutes, the NDX futures dropped 107 points (to close at 2530). They're now down about 50 points from there. Tomorrow will be very ugly for longs. And please remember that this will not be a V bottom, as there will be waves of margin calls and selling for three days afterward. So is it too late to short? Hell no.

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