[Weekend Summary]
Dear Member,
I forgot to mention my position on the "Q's" in my Weekend Summary. You'll recall I began with a Mar 39 straddle and when QQQQ dropped, I rolled my 39 calls down to 38 calls. Since then, QQQQ has moved up to an area of resistance where it closed Friday. It looks as though it could move back towards support at 37.93 or on to the downtrend line just above 39. I am looking for a break outside either of those lines hopefully to realize a good return. In the meantime, the play is well positioned and the initial risk has been reduced.
Bill
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