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

To: the-phoenix who wrote (14558)	11/17/2000 9:13:28 AM
From: Louis V. Lambrecht	Respond to of 100058

phoenix - it helps to be paranoid. LOL. I like that up-down-up idea. Tuesday gap or low at least: the 5 min. chart has a clear rounding top these lat 4 days. But with that scenario, if we rally from a low at 2 o'clock, IMHO, the close will be down again. Guess the Naz close: 2960ish ? Big boys are after our money and they could decide to take some today. If not, they would have to wait for another week (next week is a shortened one). Then, either they woud have fill the tank, or decide for a panic. Straddle time: if you buy puts, at least protect yourselves with calls at the same strike. Peak OI for today: QQQ calls 75 , second peak 84 (optimists) QQQ puts 77, second peak at 73 A good job for the MMs would be to close at 74 (*40= 2960, funny, that is the 5 days 5 min. chart completed rounding top).