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: Chris McConnel who wrote (180)	11/13/2001 12:29:56 AM
From: Jon Khymn	Read Replies (1) of 795

Actually if Q drops to 33, I would consider upward steam ran out and lean toward short. RE: feel comfortable - It's not matter so much about stock price level, but rather reversal of the chart trend. I was so sure Q would turn at around 36-7 but obviously I was wrong. Last few interest cut didn't affect the market that much, but this time it seems 1/2% cut did change the 'psychology' or 'perspective' of investors. 'Bearishness' has diminished rapidly in last few days. (Long term, 6 mo. to 18 mo., I'm still bearish) To be a good trader, I need to change mind set on today's market trend and NOT on yesterday or last week's trend or forecast. The problem is my brain is so dense, when the market condition changes it doesn't have the capacity to adapt quickly.

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