QQQ & DIA - chat & chart Message Board

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Pastimes : QQQ & DIA - chat & chart

QQQ 608.86

+0.1%

Nov 14 4:00 PM EST

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To: Jon Khymn who started this subject	5/2/2001 5:43:41 PM
From: the-phoenix	of 795

Update on the QQQ/XLK "arb" play: No change today in the ratio, so I sit and wait, watching longs continue to make money. Have a feeling that the XLK relative price will only come back up on a big down day, which may be a couple days away. It started improving this morning during the first hour as the market dropped, but then reversed again with the market direction. Looks like if I stick this out for a couple more days, there is a shot I will make a little on it, but I now don't expect much. If QQQ hits 51-ish in the next 2 days, I will probably close out the long side of the position and take a net short QQQ position instead. Phoenix

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