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To: Jon Khymn who wrote (66)	4/23/2001 9:19:27 PM
From: the-phoenix	Read Replies (1) \| Respond to of 795

Today's low volume is encouraging for the bulls. I am looking for a lower range tomorrow, possibly pulling back to the 10 day ema, or the .382 retracement of this rally, but with a higher close, to indicate this is another bullish flag formation in the dailies, as we got a week ago. 50 day moving average support area holding so far, but will probably fail. The 10 and 20 day emas are more critical, IMO. One strategy might be to go long on a pullback to the 10 day ema, with a close above today's. That might signal a resumption in the rally back up to 50-51 (initial resistance). Good play on the puts, BTW. >>At least I think Q will move either up or down rather than go side way. Then I wonder if it is worth to buy both call and put ...<< Main problem I see with straddles right now is they are kinda pricey due to the fact that volatility is so high. stockcharts.com[l,a]dhcannmy[db][pb20!b50!b200] You could watch your premium erode through volatility decay if we pull back off this vol spike over the next week or so. I would prefer to wait for a strong long signal and then pick up some calls to hold till we hit 50. Just a guess. Good trading, Phoenix