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Strategies & Market Trends : The Options Box
QQQ 611.67-1.9%Nov 6 4:00 PM EST

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To: t2 who wrote (10626)4/24/2001 8:00:08 PM
From: Poet  Read Replies (3) of 10876
 
Well that is odd, NV. I'm really surprised the VXN hit a high today. I had no idea. The only thing I can think of is that we approached 2000 today, a level which is psychologically important to many who believe the Naz may have bottomed. A breach of 2000 would, IMO, put a lot of fear back into the market for a retest of 2001 lows. Technically, this would be a good thing. I don't think the average investor sees it this way, though.

Thought about you today in light of AMAT. This is a very tough market to trade. I was whipsawed twice today, both long and short. You're a smart guy and a good trader. Don't let it get to you.
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