Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: shasta23 who wrote (28339)	9/20/2000 1:17:38 PM
From: drsvelte	Read Replies (1) of 67879

Stefan! This is from the Street.com...what do you make of the 1433 level? 1434 now! The Vultures Are Circling 9/20/00 12:23 PM ET From my ears to your eyes, my trading contacts are telling me they are in touch with sellers who are waiting for higher prices to initiate sales. This is never a good sign, and I am putting on some MNX puts for a trade. Remember, this is against some longs, so keep that in mind. The MNX, for those who can't access it, is simply a trading product which mimics the Nazzdogs. It trades .10 per dollar move of the NDX. It's a relatively new product, and we're giving a try as it is essentially a turbo QQQ. Next support in the S&P is the 1433 level, which I'm being told is huge. It's the trendline support from the 99 lows. This level, by the way, comes courtesy of the Moskowitz report. Just giving credit where credit's due.

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