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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (22624)12/5/2000 2:42:34 PM
From: Magnatizer  Read Replies (2) | Respond to of 29382
 
Ken

How those QQQ 70s treating you? ;-)

I took 1/2 of mine off the table today. Had a good profit and a fairly reliable topping pattern on the 60 qqq chart. Initial top did not hold (there are a few more levels where the top could form and the formation still have validity) and topping bars which followed just caused a grind sideways. I suspect the shorts are gonna get a good squeeze into close. This action leaves me thinking 2989 nas 100 by the end of the week and possibly 3365 before option expire.

I will then be looking to short for the drop back to 2612.

ht
Mag