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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (10115)	3/19/2001 8:48:03 AM
From: Poet	Read Replies (1) \| Respond to of 10876

Futures are up but I am going to hang onto my DJX and SOX puts and will add on any FOMC-related rally. This from Hahn's Weekend Update on the technicals of the COMPX: The weekly NASDAQ chart posted below shows the StochasticRSI actually shows a sell signal. The comparable comparison is the market activity in 1998. The daily NASDAQ chart shows a sell signal. Bearish factors are still present in the prevailing complacency and the margin debt liquidation potential. The weekly and the daily cycling down suggests that even if we get a bear market rally, it will meet selling resistance until both are in deep oversold territory again.