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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (80422)	7/18/2001 10:48:21 AM
From: eichler	Read Replies (1) \| Respond to of 99985

Mish, Compx look weak to me...not because it's down right now, but because chart indicators (60 min) are pointing down and not oversold yet....good luck on your position! Regards, Eichler

To: mishedlo who wrote (80422)	7/18/2001 11:10:14 AM
From: mishedlo	Read Replies (1) \| Respond to of 99985

Sold 1/2 my QQQ puts. Wish I had take half-loaf plays earlier trading 1/2 and riding 1/2 That makes more sense that what I have been doing given the crooked way this market works. This is why. Max Pain on QQQ is 43 - I doubt they have hedged that mammoth amount of options. We are hugely down and there will probably be the lunch time rally anyway. Also, they seem to need to get us back to 2040-2050 to make QQQ's expire worthless. Will look to reload on a bounce. I have a nice profit on the trade, and am letting 1/2 ride. Took my profit on QCOM and will look to reload higher. MSFT is sitting right on pain so perhaps this is LOD. INTC needs to rise a point and that may rally the SOX. In edit - we have bounced slightly from my sale already. Holding BRCM thru earnings. Think it will be sell the news. Looking to re-enter QCOM short on a silly bounce to 64. M