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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (8866)	1/18/2001 5:11:17 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 11051

MG>"It was a dark and stormy night" ...in CA. Can you tell me, how seri[dicul]ous it is? Regs to E'body dj

To: Berney who wrote (8866)	1/18/2001 11:36:30 AM
From: MonsieurGonzo	Respond to of 11051

TB> QQQube Units ~ Fermat's Gap Paradox > I just hate gaps... me, too! you know the old saw: "gaps are always / eventually get filled" -- they tend to be strange attractors on the charts ~ the exception being ADR's, which tend to be gappy by nature, what with USD:euro exchange rate flux and whatnot. some of the gaps (eg., IBM) between 16.00 CLOSE and next session's 09.30 OPEN are in reality what's going on 'after-hours' ~ and I'm not sure we can apply the same old saw about gaps to after-hours effects, or not ? one of the inneresting things about index trading is the difference in "apparent sentiment" (of the daily candlesticks) between, say MID.X and MDY or, the NDX.X and QQQ, etc. ~ our trading vehicles (and their options, thus) are driven by futures and they, too can be very gappy. For example, yesterday lots of indices look like "shooting stars" ~ open flat / run-up / sell-off, whereas their SPDR/ETF trading vehicles look quite different, perhaps reflecting the futures ~ open UP, sell-off all day. imho the index charts are more precise measures of magic lines and technical levels, etc. and their corresponding SPDR/ETF trading vehicle charts better indicators of traders' sentiment. > we are still in a sell the rally mode... true. otoh, there is an apparent, undeniable 14d EMA bullish mo under-current to the NAZ right now, in the short-term... ...as well as "earnings churnings" plus a very noticeable "options flux" making things quite JUMPY. Our NASDAQ COMPX daily charts are saying that we are breaking out of this 4-month intermediate DownTrend. otoh, my NDX-100 daily chart, semi-log basis - says the 4-month DownTrend is intact with considerable upside resistance at this DownTrend Line = 50d EMA area around NDX2675, say QQQ 66~67 near target. The QQQubes are my intermediate-term vehicle right now (rather than MDY, fwiw) and so what I'm doing is this: (1) removed JAN59C=63cap on 1600s QQQ long position; (2) shed another 100s profit > 65, 1500s @ 66.67 PAR thus; (3) have entered limit order to sell 15 FEB63C @ 7 = 70cap. -Steve