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To: Roads End who wrote (66274)2/9/2001 12:13:22 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
i haven't thought about that really. i had a minimum target in the 2200ds for the NDX, and am out of NDX puts due to it being hit.

now i'm in wait and see mode, as it seems possible that the low we bounced off just now will hold through Monday. POSSIBLE, not pre-ordained.

a weak close would indicate to me that the cycle simply keeps playing out in straight fashion, i.e. we just go down into the turn date. in which case one needs to re-assess the situation as the turn date arrives. there will surely be an attempt by the vested interests to defend the Jan lows, as a failure of those lows to hold could lead to a myth.