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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (15618)	5/10/2001 5:39:50 PM
From: mishedlo	Respond to of 30051

Rich- sorry for the delay I got up too late this morning to look at any posts. I hope you shorted it. That said, my eyeball method of looking at the option chain suggests a close of 60. I believe this eyeball method is more accurate cause for some reasons I choose to throw out a particular strike for some reason or other. In this case however my eyeball and max pain both suggest the same thing. So.... can it buck the trend if we fall to 1850 on the Naz. I would doubt it. Perhaps it outperforms here or perhaps it is already hedged and if that is the case it will get crushed from here on out. iqauto.com quote.cboe.com M