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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (4236)	11/4/2001 11:37:09 AM
From: James Strauss	Respond to of 5893

Jerry: I agree that a wartime market can deliver many curves but, after a while, with the help of the charts, you can begin to hit that curve... The QQQ's show a distinct rising 13 day MA and mid Bollinger Band incline... stockcharts.com I'm looking for tests at the 38.00 and 40.00 areas... Cash flow and other price/volume oscillators suggest more strength than the shorts bargained for... As you have espoused, the market tries to confound the majority of people when they least expect it... I think we're going to see a whole lot of confounding in the next few months... : > Even the P&F X's and O's show a rising pattern of tops and bottoms... stockcharts.com A close above 40.00 breaks the downsloping trendline... Support in the 32.00 and 28.00 areas sets up good reversal buying oppty's... With another 1/2 point FED cut likely we are setting the stage for a nice January effect with or without wartime worries... And who knows, if Osama is killed or captured sooner than expected we could have a mega rally that doubles the QQQ's to the 65.00 to 70.00 area and sends the Nasdaq to the 2900 to 3000 range... Jim