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Non-Tech : Raptor's Den
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To: rmullin6044 who wrote (2957)8/22/2002 11:42:56 AM
From: Stockdoctor  Read Replies (2) of 10157
 
Ride down is coming. With COTS reducing their net short levels, it was going to be a delayed action. Thats why i sit on DEC, MAR and JUN puts.

i dont go for same or next month options as they tend to be quite risky. The upmove is almost over. I do realize Velo has been bearish throughout this rally. But, the technicals were all pointing DOWN while manipulation kept the market higher. Thats where TA fails temporarily but not for much longer.
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