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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (9032)10/18/2001 11:58:59 AM
From: James F. Hopkins  Read Replies (1) | Respond to of 19219
 
Well Right now the heavy outstanding call interest in tech has them trying to protect profits into ex date.
Today there is rotation out of the S&P while tech goes up
and taht's not a good sign.
Rotation into one major index at the expence of another
always leads to more down side.
I want to buy the dip but not yet.
I droped my GTC bids on the QQQ to 31.60 and I may
drop them again if the rotation keeps up.
Last I looked the Max pain was at 31.
Jim


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