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

To: Lee Lichterman III who wrote (1165)	6/2/2000 8:56:00 AM
From: Poet	Read Replies (1) \| Respond to of 10876

Thanks so much, Lee. I just read that on SA, felt funny about pasting it here without your say-so, but a lot of us follow you and Don Sew pretty closely. Looks like a very nice day for longs. I hope you're wearing your goggles. <ggg>

To: Lee Lichterman III who wrote (1165)	6/2/2000 9:13:00 AM
From: RocketMan	Respond to of 10876

Good analysis, Lee. This rally may have some legs into next week, and I'm considering going long some issues today. Perhaps QQQ, as it should easily get through its 90 and 95 resistance and possibly retest the 105 level. It is signaling a stochastic buy, and macd is not far behind. Having said that, I am still cautious about this market for the longer term. The effects of all of those .25 hikes are just now kicking in, with a .5 on top, and although the market loves the idea that hikes might come to an end, it is so far discounting the negative effects of lowered earnings and a possible recession. The dollar is sharply down. I still think a soft landing will be difficult. However, this may be a playable rally. At least I hope it is.