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To: GROUND ZERO™ who wrote (801)	1/11/2001 1:35:50 AM
From: Moominoid	Respond to of 12411

I'll have to read your post and draw little candlesticks and then go look at the chart :) I bought call warrants on QQQ here today. Yes they trade options on QQQ in Aussie dollars on the Australian Stock Exchange. Exercise is $US 75 in March. I figure the index could rise to around 3000 by then based on this bottom formation, though of course I'll try to bail out before then when I think the option value is maxmized. Globex is up a few points from when I bought, so so far I'm doing OK :) Actually I thought of buying News Corporation calls but didn't like the deals on offer. David

To: GROUND ZERO™ who wrote (801)	1/11/2001 2:04:13 AM
From: Moominoid	Read Replies (1) \| Respond to of 12411

GZ When you say: "The second day has a higher high and higher low and closes lower." Do you mean it closes lower than the opening or closes lower than the previous day? On the COMP the second day closes higher than the open AND higher than the previous day. The QQQ though closes lower than the open and at about the same level as the previous day. SPX closes higher than the open and higher than the previous day too. Am I looking at the right thing? I can see that the third day does exactly what you say in your description on SPX, COMPX and NDX. I'm always unsure about terminology with these candles but I think that is an engulfing white candle. The whole move is white hammer, doji (with higher high and higher low), engulfing white.... if the second day up/down really isn't so important. David