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Pastimes : QQQ & DIA - chat & chart

QQQ 596.31

-1.2%

Nov 18 4:00 PM EST

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To: the-phoenix who wrote (63)	4/23/2001 1:49:31 AM
From: Jon Khymn	Read Replies (2) of 795

Thanks for sharing your strategy and next week prediction on Q. Clear, simple, and straight forward, I loved it. Mostly I agree with you, except when Q break 51, I was thinking about going long. I would short/put at near 49 and cover at 45 but once Q break 51, I'd think 9 months of "big bear trend" has ended and most likely start of a bull trend. Fundamentally, I think nothing has changed, still gloomy economy. I believe 3 Quarters worths of bad earnings have factored in the Q price already. But if the "future (2002) earnings guide" doesn't get better by the July report I think we are heading lower. So fundamentally I'm still bearish but it's the game against "how the street and the big boys perceive" and not really the actual economy. At this point, my main interest is not the short term but the long term trend. We will see many waves but do you think Q has turned the tide? Any thought on where Q will be in 3 months? TTYL, (btw, what is it?) Webby

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