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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: Jon Khymn who wrote (84)	4/30/2001 4:26:07 PM
From: the-phoenix	Read Replies (1) of 795

Webby: I sold my long position today at 47.12. I have a resistance line at about 47.7, which did in fact turn back today's advance. (This line is based on ratio of volume-weighted average price vs volume - I'll explain later.) Don't care much for the afternoon action either, and volume is not confirming a renewal of the uptrend. Best to stand aside here, IMHO. I also got a short-term sell signal at the close based on hourly moving average crossovers. Took on an XLK/QQQ arb position overnight: QQQ short 1250 shares vs XLK long 2000 shares. At the close, XLK priced at .626 of QQQ - well below 30 day average ratio. Will let you know how it turns out in a day or two. Phoenix

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