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Post# of 704047
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ajtj99

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ajtj99

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Re: TREND1 post# 57897

Friday, 12/20/2002 3:13:26 PM

Friday, December 20, 2002 3:13:26 PM

Post# of 704047
Larry, it was QQQ Jan 26 puts, so it's not going to be very long term.

The pattern I'm looking for right now is a drop to 1315-1320, a rise to 1370 or so, and a drop to around 1265 or so. I'll cover, buy, and re-short according to that plan if I have the opportunity.

In other words, it's a short term trade. My IRA short (short fund) of the QQQ's will take place at a failed back-test of the 50SMA after a bounce off a breach of the lower BB on the COMP if this plays out.

http://www.investorshub.com/boards/board.asp?board_id=1613
AJTJ's Market Pulse
Do your own DD. Void where prohibited. Observed side effects include darkening of the stool, spontaneous amputation, and death. Rosebud.

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