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Pastimes : QQQ & DIA - chat & chart

QQQ 623.28

+0.7%

Nov 5 4:00 PM EST

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To: Jon Khymn who wrote (651)	8/6/2003 1:42:26 AM
From: Chris McConnel	Read Replies (1) of 795

Hey Jon. You can put me into the beaten-up-bear category. I'm still holding my puts and waiting for the market to pull back. I'm not sure where the inflection point on the Nazz will be, but there should be bounce around here someplace. On the S&P500, 965 seems to be the line in the sand, and we are smack on top of it, as of Tuesday's close. Look for the bulls to make a stand here. On NDX, the RSI(5) buy trigger on the daily lit up at the close. The strategy on this one is buy at 25, and sell at 50. So i could buy some calls off this tomorrow, and use my puts as a downside hedge. As on the NDX, it hit the lower BBand on the daily, which should be good for a short term bounce.

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