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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (47777)6/6/2000 6:38:00 PM
From: yu  Respond to of 94695
 
Gersh,

At first, 50% retrace seems a lot.
The run up started from 5/30 gap up at 3185.
The high today and yesterday was at around 3800.
That would make the retrace to around 3500.

This would close the most recent gap completely which is
exactly where my target is. Now that we have confirmed
the target, I may put in GTC order to unload my puts! ;-)

yu