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Strategies & Market Trends : Playing the QQQQ with Terry and friends. -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (986)	6/23/2005 10:03:22 AM
From: D.B. Cooper	Respond to of 4814

Walkingshadow good morning Could you please take a look at UPS for me. I have wanted to pick some up for a long time and was wondering if now on the FDX news looks like a good time. Thanks PH

To: Walkingshadow who wrote (986)	6/23/2005 1:34:33 PM
From: herry iball	Read Replies (2) \| Respond to of 4814

I believe that I've hit my tolerance level of ambiguity.... when the YM was down nearly 60 points and Q's were down a penny, I bailed on my SPY puts for some profit and on my Q puts for lollipop money. Just sticking with intraday index scalping until I see some resolution.....Breadth sucked on the move up but I don't like the risk to reward right now in this slush. VIX/VXN show an incredible lack of fear, so puts are relatively cheap, and I may buy some of my puts back .... this time out of the money's just for kicks and grins. With trendlines becoming nearly useless, and support/resistance being violated consistently, price popping out of and below and back into the 'box', I'll let the brave traders put their money down on which way they think it'll break.... I'm back to mostly cash. If this post marks the official start of the breakdown, so be it, lol. Edit....ooooh, another smack upside the Q's on the pop up. What a surprise. yawn.