September 28, 2004

TZOO getting slammed

Wow, TZOO slammed today. The QQQ had a volume spike at the low of the day - could it be a near-term low? A successful test of the 50dma? But the volume for the day was still below average. I think it is just a bump before continuing down.
The image “http://www.arrove.com/qqq09.gif” cannot be displayed, because it contains errors.
I am watching for the QQQ to cross below CCI -100, if it does I may buy more puts.

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