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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Haim R. Branisteanu who wrote (29625)9/13/2000 12:12:54 AM
From: Dan Duchardt  Read Replies (1) of 42787
 
Haim,

MaxPain theory puts the minimum $ value of open CSCO contracts at around 62. With all the volume today, good idea to run it in the morning when the open interest is updated.

iqauto.com

The minimum is fairly shallow, so +- 5 points is not crucial. A Friday close below 60 cannot be ruled out, IMHO. Broke well below 200dma today, and below all recent lows. So where is support?

FWIW, COMPX touched the 100dma and held. Just below that (~3800) is a potential trend line originating on 5/24 through 8/3. A COMPX bounce will almost surely include CSCO, but if the rest of Nas continues to slide, CSCO could take the ride too.

Dan
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