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To: Jon Khymn who wrote (230)12/6/2001 8:40:19 PM
From: Jon Khymn  Respond to of 795
 
Checked portfolio today,

LT trd acct 90% short
MT trd acct 90% short
ST trd acct 30% long, 30% short
rtmt acct 50% long, 50% cash.
401 acct 75% fund, 25% bond



To: Jon Khymn who wrote (230)12/6/2001 10:13:59 PM
From: Chris McConnel  Respond to of 795
 
Mysty, i've been looking this over, and i don't have a clue what's going to happen next.

Here's what i see:

Today looked like we had some kind of consolidation. The 60min bar chart is looking a little less oversold.

stockcharts.com[w,a]eacayymy[p][vc60][iUb14!La12,26,9!Lh14,3]

Double top for QQQ at 44 occured middle of june and start of august. This should be a good resistance level.

stockcharts.com[w,a]dacayymy[d20010601,20010901][p][vc60][iUb14!La12,26,9]

The put/call ratio hit .95 and closed as .80 today. That could mean more upside, in the next couple trading days.

stockcharts.com[w,a]daoayymy[p][vc60][iUb14!La12,26,9!Lh14,3]

The VIX rose slightly to 25 and change. We are close to short term top (vs. a trading high), but the VIX may need to fall to 23 first.

stockcharts.com[w,a]daclyymy[p][vc60][iUb14!La12,26,9!Lh14,3]

My current guess is that we rally friday or monday to 44.5, fail and fall into the low 40s.



To: Jon Khymn who wrote (230)12/6/2001 10:24:46 PM
From: Chris McConnel  Read Replies (1) | Respond to of 795
 
> Chris, please short some more QQQs for me, I've done my part and short to the brim <g>

I'm still holding to my last batch of calls. I've got them targeted for QQQ 44 and change. After that i start building a put position.

You've done a great job building that short. Keep up the good work! :)



To: Jon Khymn who wrote (230)12/6/2001 10:40:49 PM
From: Chris McConnel  Read Replies (1) | Respond to of 795
 
Favorite quotes this week:

"the q's are leaking so much helium i'm starting to squeak!"

"If the nasdaq does not hit 5000 this year, the terrorists have already won!"

-GGGGGGGGGG-