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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (38164)	1/16/2001 3:26:08 PM
From: Magnatizer	Respond to of 79297

trade Moved into a boxed style position in the QQQ options. Bought the equivalent Jan 75 qqq put to the Jan 51 call position. why? I do not like the ability of the 2454 mag to hold back the move up this afternoon. I feel the QQQ should have worked it's way north this afternoon after this mornings action. Looking like a flatish week into thurs-fri. I did not want to flat the qqq call position as the spread is a bit nasty on those right now. I have had good luck buying inside the spread over the past week so I stuck with the buy put instead of sell call. ht Mag