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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (58950)	11/7/2002 9:43:52 PM
From: The Freep	Read Replies (1) of 209892

Yes, Shack, it is a nasty candle on the SOX. . . but it looks a lot like two others we've seen in the uptrend. Still, this one comes on a trendline break, so maybe it'll be different? No one's been talking about the Dec QQQ calls much, so I will. There's a huge amount of puts from 24 down (and calls from 26 up) that might limit a decline. . . though we're a LONG way from Dec. expiry. Also a lot of those puts and calls have been there for a long time, so their cost basis is much higher. But there's a lot out there. . . the freep

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