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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Cush who wrote (1474)3/22/2001 1:42:28 PM
From: Shack  Read Replies (1) | Respond to of 5144
 
Hi Cush. I sold all my DOW puts and have rotated into $SOX puts. Coming up against some downtrend line resistance.

stockcharts.com[w,a]daclyimy[db][pb10!b20!b50!b200][vc60][iUc20!La12,26,9!Lf!Lh4,3]

I agree with you that the Nasdaq strength is suspect given we have 5-2 decliners over advancers. There is some attempt at rotation here into the big cap techs but I don't think there will be enough buying to keep it going.

I won't be stubborn, these are dangerous times for shorts.