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Strategies & Market Trends : Steve's Channelling Thread

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To: Crimson Ghost who wrote (18315)	6/19/2001 4:38:24 PM
From: ajtj99	Read Replies (3) of 30051

George, there's a gap on the QQQ from 37.05 to about 37.90 (I can't check it precisely from here right now) that needs to be filled. If the QQQ gets to 39.00, it's most likely going to seek out and fill that gap, IMO. 37.75 or so would be close to NDX support at 1535. I just thought that might be of use to you, since I plan on closing my QQQ July 43 puts when we hit that gap and going call side for a bounce. Furthermore, since the NDX has been leading the COMPX on this drop, the NDX may reach its low a little quicker than the COMPX.

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