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Strategies & Market Trends : Classic TA Workplace

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To: Shack who started this subject	7/14/2003 4:58:28 PM
From: jjstingray	Read Replies (5) of 209892

Warning to the bears. There are 9.5x as many puts to calls for strike price $30 on the August QQQ's. I think it is safe to say that will be a floor for any move down, and I do not expect too much of a down move. Absolutely crazy. There is no way this market is going to have any sort of sustained sell off with that many puts out there.

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