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

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To: Michael who wrote (14495)11/10/2002 1:14:42 PM
From: Zeev Hed  Read Replies (2) of 30712
 
A little more than a week since it came back into play (see: investorshub.com, bu it is an old number (prominent in the post 9/11 era last year as a major battle ground) and that is far from being etched in stone, for now, I am still with the "Run for the Hills" call from last Wednesday afternoon. So far, that decline has delivered less than about a third or so of the expected downswoon. We have the 9/11/02 high at 1347 as a critical point (though I think that on the way down it should be trounced quite easily and then be converted to a resistance to a subsequent counter move, all possibly next week as part of the "kill the calls" and then "kill the puts" pre expiry exercise and the associated volatility) and then the 1320 area as a battle line as well.
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