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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (15508)4/9/2001 3:44:59 PM
From: Mike M  Read Replies (1) of 37746
 
In the longer term options expire and we are all dead.

The biggest positive for the day is that recent intraday support levels have held and and there was no follow through lower to Friday's retracement of Thursday's gains. Volume is difficult to interpret in a holiday shortened week but today's volume on the upside has outpaced down volume.

April puts may be hard pressed to return anything as we approach expiration. In the mean time look for a few head fakes.
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