BEFRIEND THE TREND Short-term Options Trading Thread Message Board

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Strategies & Market Trends : BEFRIEND THE TREND Short-term Options Trading Thread

QQQ 623.89

0.0%

Dec 26 4:00 PM EST

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To: Dan Duchardt who wrote (3653)	6/17/2003 4:31:47 PM
From: Ken Adams	Read Replies (1) of 4058

Dan, I don't try to predict the market very often. However, as I've posted here another time or three, those NYSE stocks above their 200 day MA reached 88% yesterday. In my 12 years of keeping this daily record it's never been that high. Previously, at 85% the market has gone into a nose dive. I can't find a reason for it not to do so at 88%. Maybe not by Friday, but I'm loading up on puts with a July expiration. FWIW

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