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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: ajtj99 who wrote (11587)12/8/2001 12:07:46 AM
From: mishedlo  Read Replies (2) of 99280
 
aj - I will add this, If somehow we break 37-38 we are likely going much lower due to delta hedging the other way.
Next logical stop below 37 would be 35.

I seriously doubt this. I see strong support at 35 37 & 38 and no support at 36. There are few options (relatively)at that price and what is there is balanced equally on both sides.

Where does 35 36 37 38 39 40 etc put us on the comp?
It will be intersting if 36 is some kind of gap or something.

M
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