Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (27356)	2/3/2003 10:16:10 PM
From: Sharp_End_Of_Drill	Read Replies (2) of 36161

I'm not necessarily calling a bottom Frank. I'm just saying that the options I had lose a lot of value fast if the indices tick upwards. In my opinion it was time to take profits, and look for a better re-entry. Besides, I had a bunch of March QQQ puts that I was nervous about. When I jump back in I'll get June instead. On the charts I'd say we've got that bollinger band thing happenin', and the PPO looks good too. My old favorite the VIX is low enough to cause concern for the bulls, but appears to be going lower for a little while more. What's your read on the chart you posted? Sharp

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