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Strategies & Market Trends : Options
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To: Poet who wrote (6853)4/23/2000 1:59:00 PM
From: RocketMan   of 8096
 
Here are some helfpul naz charts I found on another thread. They show that the naz is getting back into its long term channel, and 2900 is the bottom of that channel.

4morestuff.com

I think we will trade between 2900 and 3200 for a while, with occasional sharp moves up from short covering. Many stocks have huge short positions right now. So, be careful with everything, including over-doing puts.
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