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Strategies & Market Trends : The Options Box

QQQ 621.26

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Jan 16 4:00 PM EST

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To: Poet who wrote (8713)	12/23/2000 11:55:22 AM
From: Lost to Voodoo	Read Replies (2) of 10876

Thanks Po, that was a nice Lee post. Incidentally, re: my last post, Fri. was also a pullback (almost exactly) to the NAZ head and shoulders (right side up, starting early Dec.) neckline and to the 50% retracement of the decline since Monday. To me, all of these support the idea of a temporary pullback vs. a turning point or start of a serious rally, so my technical view is pretty much in agreement with Lee's analysis. FWIW I've also been selling off more into the pullback and establishing new short positions, though God knows my actions are no guide. I also switched my two fund positions from cash to bonds.

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