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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (1225)	10/2/2003 1:09:35 AM
From: jimsioi	Read Replies (1) of 108920

ISO on a QQQ short.... Well to the first point....my position was established at 33.69 in the QQQ. And if it can get up to 33.60-80 tomorrow I'll sell the second half of what I totally want to be short...Today's close and roughly high were at the 38% retrace level off the most recent high to the low...hardly the point to jumping out...Secondly, as I think miners and general equities are going to go down together at some point this month a short QQQ is somewhat of a hedge against falling miner shares I might still happen to be long.. Thirdly, I've found one has to give these indexes a little room. I'll end up risking maybe 2% total when and if I get the second half of the short on...No telling where these spurts will end...likely be right back down tomorrow.. stockcharts.com[l,a]dacayiay[db][pb40!c200!f][vc60][iUl14!Up14,3,3]&pref=G.

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