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Strategies & Market Trends : The Options Box

QQQ 609.11

+1.4%

Dec 18 4:00 PM EST

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To: Poet who wrote (9248)	1/22/2001 7:32:55 PM
From: Jorj X Mckie	Read Replies (1) of 10876

yup, and the charts are getting a bit extended now anyway. We need a pullback on the naz breaks out above the downtrend line (in P&F parlance, the BRL or Bearish resistance line). I like 2850 as a target for selling. stockcharts.com But I expect this to be a situation where you would want to buy the dip. I like 2650 as a buy in point if this scenario plays out.

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