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Strategies & Market Trends : Waiting for the big Kahuna
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To: sandeep who wrote (46232)3/8/2000 2:04:00 PM
From: Lee Lichterman III  Read Replies (1) of 94695
 
CSCO should stay up. There are still 13000 QQQ puts just below our level and a whole series of 10K open interest puts starting at 200 all the way down. They can not allow the NDX to drop which means CSCO, SUNW, MSFT etc have to stay strong. Once expiration is over, anything is open season again so I don't expect teh NASDAQ to weaken until after expiration.

Good Luck,

Lee
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