P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: Justa Werkenstiff who wrote (9502)	10/5/2002 9:09:17 AM
From: Lone Ranger	Read Replies (1) of 30712

Justa, Nice post.I think I understand your thinking in that post. Funny I had a limit order to buy qqq at 20.07, at the start of the day, thought I lost the new low buy opportunity as it barely formed a new low and then ran a little, but I waited as in the past the low had been broken by a half a buck or so, found out the qqq touched 20.11 and then figured that was close enough to begin buying. Also 20.11 rings similar to 20.07 and at times you can't be too exact. I can't watch the market the whole day so that was my plan in the am. 20 bucks should be some kind of support for the qqq and could be a starting point for the short term rally. Still a lot of puts versus calls at 21 and 20 and that should give some further support. Another interesting observation when looking at the options chart is the crash crowd with puts loaded up at 15.

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