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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (17234)	11/26/2002 3:11:07 PM
From: TREND1	Read Replies (1) \| Respond to of 30712

mish You wrote you are shorting QQQ here or merely saying what your sell/buy signal would be IF you shorted? answer: (1)Your question is very interesting from a risk/reward point of view. (2)If you have a long position, the risk/reward calculations are saying sell part or all of long positions. Translation: Chances are you will be able to buy them at a lower price in the near future. (3)If you have no positions, the risk/reward calculations are saying it is time to short QQQ based on stop loss of daily higher high. (4)Half of that QQQ short should not be held very long. You should place cover limits at such levels to be triggered in the next 1 to 3 days. (5)The cover price of the second half of the QQQ short is up is the air right now. (6)Buying puts rather then shorting is much more risky here due to bid and ask spreads.IMHO. Larry Dudash PS:The final sell signal will only be emailed from Hal1 to make things easy for me. Larry Dudash