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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (19159)6/28/2001 12:51:50 PM
From: ajtj99  Read Replies (2) of 30051
 
Big whoop. That's the nature of options. Big gains, big losses. In the end you hope to have more of the former than the latter.

I'm getting QQQ July 47 calls, hopefully for $1.25 or less.

SOXX chart is finally making sense to me again. It appears it will make a run to 700 to form a triple top for our next trip down. Where the SOXX goes, so goes the Nasdaq lately.

NDX may top out at or near the May 21 highs, IMO. I have to see where the trendline is for that now, as the NDX stopped right under a major resistance point if memory serves.

I covered my puts because I feared a run to 2185 after blew past every other resistance point.

With MSFT halted, it appears that is still a real possibility.
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