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Pastimes : QQQ & DIA - chat & chart
QQQ 603.66-0.9%Nov 17 4:00 PM EST

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To: the-phoenix who wrote (68)4/23/2001 10:16:11 PM
From: Jon Khymn  Read Replies (1) of 795
 
>>I am looking for a lower range tomorrow<<

You mean lower than 42?
20 ema @40.6, do you think it will hit that low tomorrow?
If Q goes down to 40s, I would consider Q has lost steam and perhaps will not be so bullish.

>>Main problem I see with straddles right now is they are kinda pricey due to the fact that volatility is so high. <<

You are right, premium has gone up considerably...
I guess the best thing to do right now is sit back & do nothing.(Most difficult thing to do -g-)
As of today, I have closed all short/put Q position and only left with handful of June calls.

Tomorrow's plan: If I see Q in 42s, will go long for 3 days holding.

Good nite,

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