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Pastimes : QQQ & DIA - chat & chart

QQQ 623.23

+2.2%

Nov 10 4:00 PM EST

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To: Jon Khymn who wrote (468)	4/14/2003 10:47:55 PM
From: Chris McConnel	Read Replies (1) of 795

Bought some QQQ september puts today. We'll see how it goes. Reading a bunch of traders who are bullish, mainly for technical reasons. I don't see it. For example, QQV is getting close to the 2 year low (about 32) which shows a bit a complacency in tech land. Nasdaq stocks above 50DMA is looking toppy. Also, with so much tech manufactoring going on in asia, won't be long before the semi's begin reporting earnings hits due to SARS.

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