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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (7085)	11/30/2000 11:33:45 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim, I think the QQQ around 50 would indicate a solid bottom. Not sure if it will see that price, no way to tell with the VaR so out of whack....in the meantime, this is a hit & run market....I bought some DOW calls this morn, figuring it would get a bounce...boy, was I wrong...took a loss...bought some puts when I realized my error, and it is going south big-time...this is getting ugly. The SPX is only 200 points away from FED fair value, so that may be another set floor point.

To: James Strauss who wrote (7085)	11/30/2000 4:35:17 PM
From: Chisy	Read Replies (2) \| Respond to of 13094

Here is Don Wolanchuk's attitude of the market stolen from his board on RB: "...that 4 yr cycle low will be a headache....and wat the hey is a headache...but the naz has every body focused on 2500 as key support...fibonacci studies suggest 2300 is the target from there the wave structure wud still be set up for a 3rd wave melt up...this is classic bull market action....as the boyz are shaking the tree real hard for inventory....in 1991 the dow went sidways for over a year and in early december a very ugly shake out took place then it went straight up....." Just another opinion. Enjoy, Chisy