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To: Jon Khymn who wrote (155)	9/22/2001 11:54:27 PM
From: shortilong	Read Replies (1) \| Respond to of 795

Bought some QQQ at 27.75 on Friday, then simultaneously sold the Oct 27 puts. Average cost including the put premium is 26.75 My thinking on this is that the Oct 1998 low on the Nasdaq100 was 1063, and this equates to a QQQ of 26.60 i thought that if that level has held at support all of this time , it is probably solid . Time will tell. Also, the VIX.x at extreme levels all week , the RSI fell off a cliff and the internals on Friday morning were very ugly. Looking for a technical rally this week , possibly on Monday-many times the Monday after an options expiration is a reversal ...... i do think any technical rally will be just that and no more--and if it happens, i was planning to sell some covered calls. Any thoughts or strategies from others????? Good luck to us all S Long .