SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dominick who wrote (10695)2/21/2002 8:16:13 PM
From: Steve Lee  Read Replies (1) of 19219
 
"I'll be happily buying from here down to 30-ish"

And selling in the 20's?

You are right about the increasing vol on the way down, but I would wait till a) VXN gets higher and b) we get some heavy vol on a reversal day.

Be careful reading too much into QQQ vol - it is a speculation and hedging stock. As it is a trustee fund comprising other stocks, the buy/sell pressure on QQQ itself does not have the normal supply/demand effect on price.

Watch NDX along with vol on Nasdaq for better clues.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext