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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 671.91

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Nov 14 4:00 PM EST

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To: mattie who wrote (20382)	3/29/1999 4:52:00 PM
From: Clint E.	Read Replies (2) of 68004

>>>>yes, I added on Friday. Its now my largest holding..... QQQ seems to be an easy way of playing an expected upside or downside in the NAZ market. In the last few days, the NAZ went from 2305 to 2492(8.1%), NDX from 1950 to 2145(10%), and QQQ from 97.5 to 106.8(9.5%). NDX & QQQ track one another very closely, as they should. Obviously, it reduces your risk since you are buying a basket of stocks. Not a bad idea. For example, during the same period I have been buying CMVT at an avg. of 77. At 85.5, my gain is ~11%. The extra 1.5% profit doesn't look attractive for the additional risk that I am taking. I'll start trading QQQ from now on. Clint

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