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: Jeffrey S. Lillie who wrote (20016)	12/13/2002 4:53:53 PM
From: Jeffrey S. Lillie	Read Replies (1) of 30712

well, we almost got the 1360 nas close (actual 1362 ish). Despite my feeling that there is downside of about 10-15 nas/ndx points on monday, i went shopping. tis the season after all. my rough glance targets in the case that we go lower on monday are below as are my bounce targets for next week/early week after. i don't pay a rats ass to what most of the cycle guys think( i do find it intersesting to read though) as it always ends up getting me in trouble. So, im doing my own thing with all of the threads help, and my results are improving nicely. index/lows in today or these numbers/ bounce targets before next leg down. spx / 880 / 930 nas / 1350 / 1460 ndx / 990 / 1088 as for the end of the day i was a busy beaver. invested 100% of my 401k in NDX 100 fund invested 50% of wifes 401k in NDX 100 fund. sold all spx 925 puts for over a triple remaining positions that i had from before are the RYVYX in my IRA which is well under water from 1066 ndx. SOX 355 puts. Hey, i wanted to have something make money if market is down on monday. This leaves the proceeds from puts in cash to be deployed in spx calls if we are going up from monday or to rehedge with puts if we don't look like we are going up. i anticipate selling the sox puts on monday if down in am. j

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