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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (82990)	9/26/2003 3:33:34 PM
From: bcrafty	of 209892

People must be capitalizing on the down momo Just as people know they move up quickly, they also know they can move down quickly, so I think people are selling/shorting into the momo. It seems only fair in a way. Look at the options today. SINA Oct 22.50 put holders got a quintuple today! I not looking for any particular levels (trendline support, moving averages, fibs, etc.) as possible inflection points on these, as they do behave strangely as you indicated. Instead I'll just wait until I see a bottom in the broader market and then look back at them for entries.

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