Zeev's Turnips - No Politics Message Board

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

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To: mishedlo who wrote (29737)	2/12/2002 9:59:07 PM
From: ajtj99	Read Replies (1) of 99280

Mish, looking at the charts, the Dow appears to have a strong falling resistance line at 9960 tomorrow. That is dropping. There is also the 200-day EMA at 9984. I guess what I'm saying is that the Dow may make an assault on the 10,000 level, but it should come up short. 9900 sounds decent to me, Mish, as I've got March DJX puts bought today just a shade under that. I'm not concerned. Even if I miss the top, I'm still in good shape for a nice H&S result at 9300. Playing DJX right now because it seems to have a better return over the next couple of weeks. I hate that index, as I believe it arbitrary and serves very little purpose in this century.

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