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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (68707)	3/17/2003 11:05:28 AM
From: The Freep	Read Replies (2) of 209892

Allan -- the huge preponderance of QQQ calls doesn't concern you? I suppose it actually works nicely in a "iii of C" scenario: delta hedging and squeeze equal power. Still, it gives me pause. I still need to see more before I get on long, though I stopped out of every short on this morning's reversal. I do respect the breakouts I'm seeing here (on volume!), but I actually think we're in the "war rally" already, and we might just sell the news. If we really are going to 1300 ndx, I've got lots of time. On one level I hope we get there, cuz that means that if there's a war, it's fast and as painless as possible. the freep

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