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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (4898)11/12/2001 2:58:55 PM
From: Pierre  Read Replies (1) of 99280
 
... so I expect 1793 to be "taken out" later this week and finish around the 1750/58 area for the week.

So if I understand correctly, the substantial move below 1793 this morning has "taken out" 1793 as a support level, and one should now look for the next lower level of support - that being the 1750/58 area. Is that a correct read?

Second, is it because of options expiration this week that you are making a, for lack of a better term, "micro call" for this week in the overall context of your model's projected retreat to 1400 or so?

TIA.

Pierre
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