QQQQ Morning Update

Wednesday, December 12, 2007, 8:45 AM EST

Closing prices: 51.32 -1.22 -2.32%
QQQQ dropped after news from Fed

Intermediate-term outlook (weekly chart): BEARISH
Short-term outlook (daily chart): BULLISH
Very short-term outlook (60-min chart): BEARISH
TODAY'S PRE-MARKET SENTIMENT (BASED ON NASDAQ FUTURES): BULLISH
Current QQQQ pre-market price: 51.76 +0.44 +0.86%

Preceding day market actions:
None

Current open positions:
1. Opened Debit Call Spread (opened on 12/07/07)
BTO QQQAV Jan 48 Call
STO QQQAY Jan 51 Call
Debit 2.30

2. Bull Debit Call Spread (opened on 11/29/07)
Long QQQAV�Jan 48 Call
Short QQQLY�Jan 51 Call
Debit 2.12

3. Bull Debit Call Spread (opened on 12/04/07)
Long QQQQAU Jan 47 Call
Short QQQAX Jan 50 Call
Debit 2.10

4. Bull Debit Call Spread (opened on 12/06/07)
Long QQQAV Jan 48 Call
Short QQQAY Jan 51 Call
Debit 2.19

5. Bull Debit Call Spread (opened on 12/07/07)
Long QQQAV Jan 48 Call
Short QQQAY Jan 51 Call
Debit 2.30

Alerts:
None