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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (28835)	9/26/2001 4:14:28 PM
From: ajtj99	Read Replies (1) of 30051

I'll be running away too, Zeev, if this starts going down. I think Rich was correct about the 50% re-trace after the first bounce. I did not seriously consider this, as it is so close to the lows. However, after some gut checking, I decided to put in an order for some QQQ Oct. 30 calls in anticipation of a 1457 COMPX and / or 1138 NDX. That would be a 50% re-trace of the rise on the COMPX and a .618 re-trace on the NDX. It looks like my order was filled close to the low of the day, so I'll white knuckle it tomorrow. If we don't hold 1138 NDX, I'll bail for close to even.

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