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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (19118)	6/28/2001 10:41:00 AM
From: ajtj99	Read Replies (1) of 30051

I have to give credit to PPT. They really orchestrated this one pretty well. Ramping futures, short squeeze, end of quarter window dressing, beginning of month fund inflows, pro's out on vacation next week, retail (who do not know how to short) out in full force. They don't call the man "Maestro" for nothing. I guess they learned their less in May. I'm still looking for things to calm down to close my July QQQ 43 puts. I'll go call side as soon as I figure out where we're headed (double top at 2264?) and look to re-position puts when we top off. 2252 is a .786 Fib retrace from 2328 to 1973 Man, wicked up today so far.

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