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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: Lost1 who wrote (13695)1/12/2000 10:49:00 AM
From: Jorj X Mckie  Read Replies (2) of 63513
 
From last night, I mentioned that I would not be surprised to see the NDX drop another 100pts before reversing positive...down 80 at times today. Piffers should look at the 50pt chart on the NDX to see the triangle and then look at the other indicators.

Message 12543146

Of course I am being smacked around a bit today, but I am buying, not selling. I believe that this weeks volatility is options expiration related and is offering the doods and doodettes that sold a bunch of naked calls on the high flyers, an opportunity to cover at a lower price. This is a good thing as was being pointed out by impristine, there was such a great divergence of puts and calls in some issues, that we could have had a serious problem on our hands if all of those calls came due at the lofty prices.

Of course, I get my adrenaline rush when the market goes up or down, so use your own pain levels and knowledge to make your decisions.
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