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Pastimes : Play It On Paper- Clappy's Newbie Option Thread -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (52)	7/24/2000 6:25:56 PM
From: Clappy	Respond to of 176

After looking at the TA link listed below, I'm going to watch for a few things tomorrow: stockcharts.com In regards to the S&P 500: Should the index close below 1470, I would start to question my bullish short-term position. A close below 1440 would be undeniably bearish. I'll be looking for a bounce tomorrow around this level perhaps. If so, I would probably sell the puts that I have in JNPR. In regards to the Naz 100: After an advance from 3600 to 4100, some sort of pullback can be expected. 3850 marks the tradition resistance turned support level. 3700 marks support from the 11-July low. Should 3700 be broken, I would start to question my bullish lean. The final support level lies at 3600, a break of which would negate any sense of bullishness. Again I will watch if there is a bounce off of these levels of 3700 or 3600. At this point I would sell the JNPR puts in my fictitious account. If the S&P or the Naz 100 break through and finish the day below those levels, I will hold my bearish put positions until the next level of support or test of the bottom. Just the opinion of a stooge... All of the above is cancelled if there is some major news announcement by JNPR. -ClappyThePaperBoy