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

To: velociraptor_ who wrote (15517)	4/9/2001 6:04:31 PM
From: marc chatman	Read Replies (1) \| Respond to of 37746

I'm not sure if you still have any Apr. index puts (I do), but it may be time to think about damage control and possibly rolling over to May. I think there may be a good chance to get out at better prices later this week, but, with only 8 sessions remaining before expiration, there is already some serious erosion for April out-of-the-money puts. Technically, it is still possible that we may see the long, drawn-out rising wedge form over a period of several days just as it did 2 weeks ago (although that shouldn't last more than another day or so, if it does come to pass). And, once the next leg down is confirmed, the first wave should run into one of the support points (perhaps 9500) and be followed by a correction (perhaps back up to 9700). Time is not an ally. Do you have any thoughts on the April put situation? EDIT: Just saw your last post -- no need to respond, thanks.