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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	11/17/2003 8:51:23 AM
From: shoreco	Read Replies (1) of 100058

Even w/my bearish bias, these futures look a little over done... What I mean is, Japan was down huge last night, but hey had their first taste of being named as a terrorist target... Europe on the other hand is also down huge, but they closed before our Friday afternoon melt down, so some of those losses are from playing catch up... Now let's put our minds together and really think about what is going on here... Ohh, it's opex week...that explains it... QQQ max pain is $35/34ish, the QQQ's are currently trading with pre-market lows of $34.72... I honestly think this gap down will get bought or at worst just stall after a little "scary looking" open... I've been watching the 1042ish area on the SPX and it amazes me (LOL) how we're sitting on it right now after some over-night selling... I just covered the balance of my SnP short @1042.50 and will wait to see the open... EOM Shoreco

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