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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Cosmo Daisey who wrote (6761)	4/20/2000 2:33:00 PM
From: Poet	Read Replies (2) \| Respond to of 8096

Cosmo, Re. the QQQ's, I bot 500 on Wednesday and wrote ATM cc's, which I'm happy with. The may ATM's are paying 8%? That's great. Here's looking for a Naz rally early next week (and in the May options cycle) to capture it. I like this strategy a lot with the Q's. Thanks for making it irresistible. :)

To: Cosmo Daisey who wrote (6761)	4/20/2000 5:58:00 PM
From: RocketMan	Respond to of 8096

Cosmo, I hope 3600 holds also. But I don't see much to hold it near term. Earnings didn't do it. Starting next week CNBS will be filling their air time with 25 vs 50 point hikes in May. Every regional Fed governor will be getting air time from their speeches. Insitutions will continue rotating into the Dow. Individual investors will get weary. I see 2900 or so and sideways movement for several months, until the Fed sees a good healthy rise in the unemployed and homeless. Then we can get back to the status quo and the government can get back to inventing social programs. Hope I'm wrong.