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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 wrote (145)6/14/2001 1:43:53 AM
From: Jon Khymn  Read Replies (1) of 795
 
For long term and mid term still gloomy.
Economy outlook getting worse.
$600 quick fix, tax rebate will not boost consumer spending much.
And another 1/2% cut from Greenie won't help much now.
Expecting July report cards to be very dark, especially retails.
Based on 70% fundamental & 30% T/A, better than 60% chance that we will see new lows between Oct 2001 to Jan 2002

For short term, QQQ has support at 44.
With 10% profit target, go long Thursday morning for bounce trading (or channel trading)

QQQ 44s to 47s
BRCM 34 TO 38
BEAS 34 TO 38
CHKP 43 TO 48
EXDS 6 TO 7
NUFO 7 to 9
ORCL 15 TO 17
PMCS 31 TO 35
SEBL 44 TO 49
SUNW 16 TO 18
VTSS 21 TO 25
YHOO 17 TO 19

IF QQQ break 43, all bets off, will bail out (stop loss) and go short heavy for we are heading low, below 40...
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