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Strategies & Market Trends : Classic TA Workplace
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To: Paul Shread who wrote (67972)3/6/2003 7:56:57 PM
From: ajtj99  Read Replies (1) of 209892
 
Paul. March Dow futures are seriously underwater here (500-points if the average is still 8200 for March). Do you think they take this down next week to 7400 then ramp back up to 7800-7900 for expiration?

If they're 500-points underwater, they should have been short from 8000 to make up for that. They could get 500-600 points on the downside then whatever upside we can swing for expiration. That ought to be enough to cover them, but I'm not sure if that's exactly how it could work.
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