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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (13658)3/28/2001 1:50:17 PM
From: marc chatman  Read Replies (1) | Respond to of 37746
 
A very bold position.

I agree the direction should be down, but I don't have enough of a grip on the wave count or the timing to take nearly as big a position. I'll live, for now, with my small basket of puts, very close to the money (primarily on the DOW, which presently seems to be the strongest index <g>).

Good luck with yours.



To: velociraptor_ who wrote (13658)3/28/2001 1:51:26 PM
From: fswep  Respond to of 37746
 
Velo,

Very well put. Still sitting on a straddle. Did pick up more puts. Lowest 950 Apr SP.

Ward



To: velociraptor_ who wrote (13658)3/28/2001 1:55:34 PM
From: JRI  Respond to of 37746
 
Agreed...markets on verge on collapse...c'mon Velo...give me my weak rally please...my discipline doesn't allow me to chase a down-drip market......I need 1890-1900 on COMPX...



To: velociraptor_ who wrote (13658)3/28/2001 1:56:46 PM
From: DaiTN  Respond to of 37746
 
Great post velo. Make perfect sense. Thanks for sharing



To: velociraptor_ who wrote (13658)3/28/2001 2:16:33 PM
From: pressboxjr  Respond to of 37746
 
Here is some fuel for the already blazing inferno:

msnbc.com