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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: bob wallace who wrote (435)	11/29/2000 2:16:50 AM
From: D. Miller	Read Replies (3) \| Respond to of 840

sorry to be the bear, but a 100 qqq by year end?! i think your being fooled like so many other investors. the market is in a downtrend and was in a downtrend long before the election nonsense. the market is still fundamentally overvalued, and most importantly has lost its momentum. imo - the market will not recover until capitulation, which will take a significant catalyst. a detailed explanation of the basis for this is here: Message 14853237 ive been trading the qqq calls and puts, playing both sides on the st trends. just don't think its time to go long qqq calls or shares. imo, however tomorrow might bring the turn for a st rally shy of 2,800 on the ndx