MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Chris who wrote (1497)	12/12/1998 1:31:00 PM
From: Daflye	Read Replies (1) of 99985

Ditto Chris, NDX should be the last to fall. I'm torn though. I think a retracement to near 1500 is possible, but it will probably take more than this week to do it. December puts are cheap, but short on time. Jan contracts offer plenty of time for the correction to complete, but lots of premium. If wrong on the depth of the pullback, you lose even more. Ah, the "rock and a hard place" of index options. Later... D

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