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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (44042)	11/7/2001 2:08:55 PM
From: Jill	Read Replies (1) \| Respond to of 65232

That's interesting. From Teresa's newsletter this morning, it looks fairly strong still, tho its not doing anything too exciting today--nonetheless, slightly up: QQQ SWING TRADE SET UP NASDAQ 100 Index Tracking Stock [QQQ] After three legs up since the September 21 low, the NDX broke the uptrend line and entered into a trading range. Monday’s trading took out the October 26 high by a marginal amount and the daily chart of the QQQ came into a 2B test of top formation. With yesterday’s price action, the QQQ is attempting to breakout to the upside. While the move after the FOMC announcement was impressive, the fact is that half of the days range is still under the old October 26 high. Remember, on every test, there are basically two outcomes ; success (to breakout, in this case to the upside) or failure (in which case it enters a trading range, or completely reverses to the downside). At this point the NDX is attempting to breakout to the upside,

To: RR who wrote (44042)	11/7/2001 5:50:09 PM
From: McNabb Brothers	Read Replies (2) \| Respond to of 65232

RR, You going to the Hogs Homecoming this weekend? I'll be there with wife and the two kids and will take in the pep rally on Friday night. May see you their if you are going! Just hope we do not have to win in overtime this week, for I'm just now beginning to recover from last weekend! Someone ask me the other day if I had seen anything like that and I said, "No and you haven't either for 7 overtimes is a record and has never been a longer game!" >VBG< Hank