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Pastimes : QQQ & DIA - chat & chart

QQQ 611.67

-1.9%

Nov 6 4:00 PM EST

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To: Jon Khymn who wrote (503)	4/21/2003 5:06:54 PM
From: Chris McConnel	Read Replies (2) of 795

This weekend, the plan i decided on was to buy more puts if we go higher, maybe QQQ 28 or so, the orginal target was 27.5. If we head lower from here, then i get a chance to hedge the puts bought at 26 with some OTM calls (probably the 29 strike) It's was quiet today, but that can either suggest topping or resting for a move higher. Their's a wedge forming on both the Naz and NDX charts, and if it gets broken then we could get the snorters worked up into lather. stockcharts.com And from my favorite weekly read, the smart money option traders are adding to their puts, and the dumb money emini NDX trades are wildly bullish. Also, M3 growth is rolling over. Mutual funds have their 3rd week of inflows, but that could be related to tax time contributions. home.ddc.net

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