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Strategies & Market Trends : Classic TA Workplace
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To: Jack of All Trades who wrote (135292)8/8/2006 4:14:30 PM
From: The Freep  Read Replies (1) of 209892
 
I dunno, JoaT. There's plenty of time to go below and bounce up as has happened before. Last month we also saw huge call buying as we got near lower price points (or was that two months ago?) evening things out. Other than at 36, it's pretty even in calls and puts.

Now, I'd also note that I am with MC in that the verdict isn't so clear to me yet. I see the down path, but I also see a kinda valid up path we could take. Some of this down has been on choppy low volume stuff. Not clear.

Mebbe CSCO's earnings will be another "key influence" on things. Doesn't look like a positive chart to me, but mebbe it's finally sold out and helps stabilize tech? I dunno, but I do hope something gives clarity to me.
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