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Technology Stocks : INTEL TRADER

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To: Gersh Avery who wrote (8790)	12/17/2000 1:45:06 AM
From: MonsieurGonzo	Read Replies (2) of 11051

Gersh> index trading tactics I've been very successful trading the MID.X index via MDY CALLs; I find these (MID.X & MDY) charts "easy to read" as Berney would say (also like that TMW.X chart, too) ~ MDY is less volatile than NDX/QQQ (though MID.X is sorta like COMPX on valium or, the SPX on speed :-) fwiw, I'm long MDY 93C right now in the trading account. The NDX ~2520 number that Berney talks about is very important; that translates to QQQ 62-7/16 ~ 62-5/8 < 63C. Here are my position trading points for QQQ : 1200s QQQ @ 83-3/16 < 84C 1300s QQQ @ 76-13/16 < 77C 1400s QQQ @ 71-5/16 < 72C 1500s QQQ @ 66-9/16 < 67C 1600s QQQ @ 62-7/16 < 63C 1700s QQQ @ 58-3/4 < 59C ...the way this works (for me) is that if you were bullish Friday (in the sense of "UpWave Next" rather than "UpTrend" :-) then you wanted to grab a QQQ long stock or option position on Friday when QQQ < 63. Good Hunting (^_^) -Steve

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