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Strategies & Market Trends : Classic TA Workplace
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To: Henry J Costanzo who wrote (105212)8/25/2004 1:02:22 PM
From: Shack  Read Replies (2) of 209892
 
Only because I am in and out all day. But thanks for keeping it going today-g.

Nothing has changed really. Watch the SMH, is it just correcting the impulse off the highs or was the impulse a 'c' wave and we are pointing up?

All I've done today was take off my JPM puts on that move above $38.70. Took a nickel hit which is still a fair bit.

Equity P/C now below 0.5, lots of optimism it would appear. That low number is coming from the Sept QQQ calls trading at 33, 34 and 35 strikes.
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