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Strategies & Market Trends : The Options Box

QQQ 621.26

-0.1%

Jan 16 4:00 PM EST

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To: John Lacelle who wrote (8730)	12/25/2000 11:26:10 PM
From: hobo	Read Replies (1) of 10876

That chart tells me that we hit a major top. Actually, what the chart (and the comments in the site), were referring to was that all those points converge as they are presented in the chart, to the date of Dec 26th (or 27th). as a "cycle bottom". so from that point, there would be a rebound. personally, i doubt it but i am no expert on "cycle theory" It will be interesting to see where the bottom is with this market slide some are saying bottom will be end of January 2001. I am a little skeptical and i will say, where the market will take me... (yes, it does sound as if it is, "place your bets, red or black") I'm looking to load up on a few LEAPS contracts for rebound. I don't think we will see anything like we have over the past few years but I think some techs will continue to prosper. i will only modify that to say... "quality techs" i would still be careful. _____________ More on my research on DYN: opensecrets.org

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