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Technology Stocks : INTEL TRADER
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To: Jurgen Trautmann who wrote (9954)7/10/2001 6:24:47 PM
From: John Harton  Read Replies (1) of 11051
 
Hi Jury Re: "Sturm und Drang"

Was trading under duress at the close. An amazing lightening and thunderstorm passing thru the area
with rumors of tornados etc. Lights flickering and backup
power supply beeping....WHEW. Shut down and unplugged soon
as I got my trades in..though maybe I should have bailed
out of the QQQs.

What I saw was almost everything closing at support...

I had ...

QQQ support 40.30-40.50 closed at 40.50
SPX support 1180-83 closed at 1181.52
OEX support 608-611 closed at 608.79 (hey what day is it?-G)
BIG6 support 329-30 closed at 333.43

So with no little trepidation BOT SPY, sold my QQQ puts that I BOT this morning and reluctantly, while running out
of time at close, held on to my small QQQ stock position. I got whipsawed on BA today(having sold stock and kept puts) and still hold GOLD(which is the only one I feel comfortable with ).
After logging back on, I didn't like the way everything closed so near day lows today, but looking for a bounce from oversold levels as the most likely short term outcome.

Might still exit QQQ tomorrow. MOT and YHOO to provide the next Sturm und Drang. (^_^)

Hope you are resting comfortably on the sidelines.

Wonder if other fleets are sailing in this storm??
Best Regards
-John
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