Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: orkrious who wrote (8819)	11/28/2001 2:37:02 PM
From: ajtj99	Read Replies (1) of 99280

Well, the 60-minute is getting close to oversold right now. I think we may see some continued weakness early tomorrow, then a bounce. As for where that happens, I'm not sure. I thought 1552 or so NDX might be a place we would bounce. That's about 1880 COMPX, but if we get lots of weakness in the AM, we could get close or even fill the gap at 1840 COMPX. Right now I'm just watching how things play out before I do anything. The daily chart still has a long ways to drop, so any bounces may be temporary unless the bull fever returns. This ENE thing may really get some negative spin going. I've got some puts I bought last Friday at the close that were down 50% at this time yesterday, but now they're getting close to even. What a difference a day makes.

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