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Strategies & Market Trends : TradersChoice 2000

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To: Jeff Jordan who wrote (332)10/3/1999 9:44:00 PM
From: Dave Shares  Read Replies (1) of 604
 
Jeff,

You may want to consider QQQ puts as a hedge as well. Less premium and tighter spread. If broad market supports break, I have a hard time believing that the NDX won't at least test its supports. Support for NDX on Point and Figure is 2120-2130, and Support for QQQ is around 106, I think QQQ will at least test 110. I have been buying and trading December puts as my hedge, but will probably start going out to January to protect premiums.

Best wishes,

David
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