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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (27081)10/27/1997 2:30:00 PM
From: Kevin  Read Replies (2) of 58727
 
Nice trade Tom.
Supp #3 is holding well for the SPX, and the futures rebounded above their supp #3 as well. They both broke supp #3 during differewnt time frames and never confirmed each other below that level, so I didn't enter a trade.

If the SPZ breaks below 902 and the SPX break below 901, I'll enter puts again...even if the market will be halted shortly thereafter.

Again, congrats on your trade!

edit: both broke my levels. Bought OEX 850 puts couple minutes ago. I'll wait out this halt and see if I'm right that the market will drop further.
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