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Non-Tech : QQQ - Nasdaq 100 Trust -- Ignore unavailable to you. Want to Upgrade?

To: lifeisgood who wrote (698)	12/31/2001 11:45:51 AM
From: Savant	Read Replies (1) \| Respond to of 840

life is good, of course you meant..next year..I'm anticipating a sell off in Jan, as stated earlier. How low the market will go next year is a matter of conjecture, you could easily be correct about the 28. I'll stay invested in companies I consider fairly or undervalued, and the QQQ isn't one of them at this moment. Love to be shown wrong by the market, however. S.

To: lifeisgood who wrote (698)	1/1/2002 3:37:51 PM
From: Michael Sphar	Read Replies (2) \| Respond to of 840

I am interested to learn how you've determined that risk is the highest now since the peak. What do you base this risk assessment upon? Also do you think 28 represents the reasonable extreme low that Q might yet again achieve or do you see even lower lows? Thanks again for you views. Averaging in is always a good idea as Savant wisely pointed out. Unfortunately we are only dealing with somewhere between 150 and 200 shares at current pricing. There is a tradeoff between averaging and increased trading costs when dealing in odd lot trades. So probably splitting the money in half and making two entries is about the best practical approach along these lines. Given that, my thoughts are that market psychology hit its nadir in September and that Q4 earnings reports although probably pretty bleak will not be able to push stock prices even that low again. Further that market discounting forces will probably be starting to look past Q4 and seeing something more clearly about 2002 quarters which might lead to an initial bull move in Q after the second shoulder of this potential inverted H&S pattern develops.