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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Rich1 who wrote (13877)12/17/2001 3:01:48 PM
From: ajtj99  Read Replies (2) of 99280
 
We'll see, Rich. Remember, those cycles are plus/minus 1-day, so the low could have been Friday, or it could be tomorrow.

I got QQQ Dec. 41 puts @0.90 when the QQQ was at 41.07. I was a bit early, but the TRINQ was turning and the trendlines I was watching converged around QQQ 41.17-41.25, so I was not going to try to hold out for the last cent.

Support below is at QQQ 40.50, or around NDX 1630.

SPX and Dow were a bit overextended, IMO, and the daily on the COMP is still pointing down.
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