QQQQ Morning Update

Wednesday, September 26, 2007, 8:45 AM EST

Closing prices:
QQQQ 51.07 +0.48 +0.95%
QQQQs�resumed its rise

Intermediate-term outlook (weekly chart): NEUTRAL
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart):BULLISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): VERY BULLISH
Current QQQQ price: 51.35 +0.28 +0.55%
Preceding day market actions:
None

Current open positions:
1. Credit Call Spread (opened on 5/04/07, rolled on 7/12/07 and 9/5/07)
Long QQQJZ Oct 52 Call
Short QQQJW Oct 49 Call
Net Credit 0.20
2. Credit Call Spread (opened on 9/07/07)
Long QQQJZ Oct 52 Call
Short QQQJW Oct 49 Call
Credit 1.19
3. Credit Call Spread (opened on 9/07/07, rolled on 9/20/07)
Long QQQJA QQQQ Oct 53 Call
Short QQQJX QQQQ Oct 50 Call
Net Credit 1.1849

Alerts:
None