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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist

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To: Bob B. who wrote (3178)	8/19/2001 8:08:38 PM
From: YourKing	Read Replies (1) of 5893

Bob B - Well the SOX low on Friday hit your support area of 551-555. Monday might not be good. NQ's broken hammer. NAS triple bottom breakdown. It's ugly out there. We could close that open window on the NAS @ 1756 ( open from April). Wacky market. It's difficult to think we may rally in Sept when you figure that earnings warning season begins and should be just as bad as the last quarter. Although many of the big boys have already given gloomy outlooks for the 3rd quarter. Who knows? It has to rally sometime. Maybe keep an eye on the time frame after Fed to 2nd week in September. I am covering shorts on Monday regardless..

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