Thursday, February 10, 2005

QQQ buy

It looks like QQQ is downtrending. The MACD is turning although the STO has not picked up the action. It takes more than a week for the price to rise its new high. I believe it's safe to buy a bear put with $38 (sell) and $39 (buy), that results in 11% profit (1-0.9/0.9). Breakeven points happens at $38.1 (39-0.9).

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