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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Softechie who wrote (89286)7/1/2002 4:20:14 PM
From: ajtj99   of 99280
 
Techie, that was if we had a bounce from that area. We had no bounce, and we hit support at NDX 998. That at the minimum would indicate a short lived bounce and a test of the 980 NDX level or a gap down to support above 980 NDX and a reversal. The third possibility is we keep going down. However, the 60-minute is pretty oversold, so we need some relief here before resuming any move down, IMO.

Close on the low is a good place to close puts and re-position anyway. Besides, when you make 38% in 1-trading day, why be a pig?
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