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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (38366)	5/8/2002 11:13:23 AM
From: Shack	Read Replies (2) of 209892

Personally I was just looking for a hedge, I am looking for the NDX 1285-1290 resistance now that we broken the DT line and held that breakout, it is where I intend to sell my calls. (it is also the 50% retracement of the April 17 swoon) As for your strategy, I think running into the close is a good bet as days like this tend to go out on their highs. And you are quite correct that there is doubt here, at least sentiment is conflicting. I used to play for the gap-ups after days like today back in the bubble, but the bear has made me shy.

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