Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: t2 who wrote (29069)	2/10/2002 8:02:49 PM
From: mishedlo	Read Replies (1) of 99280

A close below QQQ 35 before expiry, after that Friday reversal would be very nasty I believe. (perhaps trigger a Zeev head for the hills call? he would have to answer that. ggg) I have a hard time going long here but I sure am not shorting. I am looking at bios. Never underestimate the forces of the powers that be to rally or drop stocks to max pain levels. In a choppy market it happens time and time again. I too doubt MSFT can get to 65, but I sure would not be short MSFT at 5 points below pain. Intra-day swing on MSFT on Friday was huge. 1 1/4 points a day for three days is all it takes. 60% of that can probably be accomplished in gap ups. Even if it falls a bit short, a rally from 59 to 64 on MSFT in a few days would be impressive. I find it odd that you think AMAT will be good news when I think it will be horrible. M

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