Ask DrBob Message Board - Msg: 16104191

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	7/20/2001 6:42:31 AM
From: shoreco	Read Replies (2) of 100058

Today is experations.......My guess after looking at the charts is we close the Mr.Sofftie gap....(An opened and closed case..LOL..).....Seriously, it would take a miracle to reverse the downward trend we are in....We have tried a number of times but failed....I believe we (at least) close that gap at 1868 before we can head up..JMO..It would'nt violate that falling wedge that has been spoken about the last couple days (actually depending on how far back you go, that wedge sets up a 65% fill in the fall).....We need 1 more leg down..... I couldn't tell you what's going to happen today, everything sets up for a crash, but I doubt they'll let that happen on experations (but we shall see)..... I'll be watching the internals for direction.....I'm still holding puts/calls in EBAY but I believe my calls will expire today (They were disposable hedges,a $350.00 insurance policy).....Yesterday I was talking about CIEN calls, so I placed a limit order for Aug35's they traded $0.15 away from my limit......I think I'll save alot more today......LOL.......If EBAY rallies I will be adding to my puts......... EOM Shoreco

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