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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (17763)	6/13/2001 12:36:29 PM
From: ajtj99	Read Replies (2) of 30051

It appears we've tried to get past 2185 3-times and failed (the first time actually got a bit past it, but not enough to count). That got us to a 50% re-trace of the drop from 2264 to 2105. That puts a run to 2202 doubtful unless you count the second and third move as one move (they were pretty close together). If we can't get past 2185, it appears we may drop to 2145 possibly tomorrow and back up to close on Friday 2155-2160, IMO. I've got an order for some QQQ July 45 puts at $1.80, but unless we hit 2200, it will sit. I'll get some on Friday otherwise during Triple Witching. Happy Lunch Rally to all.

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