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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (24109)	8/15/2001 3:58:13 PM
From: Steve Lee	Read Replies (2) \| Respond to of 30051

Did some idiot a few minutes ago say the QQQ would bounce? Sold mine for a small loss. Better than a big loss. Tomorrow will now be very interesting indeed. I say the QQQ has now broken its triple bottom by going below 39.23 but Jerry says according to P&F support is not yet broken. My feeling is that 34 on QQQ is now inevitable but we shall see.

To: Zeev Hed who wrote (24109)	8/15/2001 4:00:35 PM
From: Jdaasoc	Respond to of 30051

Zeev: We broke NDX 7/23 1581 low and touched last Fridays low of 1574. If we don't rally soon, they are dialing in lower options settlement prices for Friday IMO. MSFT 60 INTC 27.5 CSCO 17.5 ORCL 15 etc. All AUG short Calls safe as zero now except for NVDA. Don't trust this dog enough to close calls or even hedge with short PUTs for AUG or SEP at these price levels. john