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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (4937)	6/14/2001 9:11:53 AM
From: JRI	Read Replies (2) \| Respond to of 209892

The one thing that bugs me (about heavy down starting today)... If we don't gap below 2100-2105....but we get there early this morn (gap and trickle)....the "powers that be" know that they can pull another intra-day short squeeze at that level....it may not be as fabulous as the other day, but it should be good for at least 1%-2%.....these ugly charts have sucked in a lot (of shorts)- and with good reason... Since its still in their best interest for many for the QQQs to close at 46 on Friday, I find it hard to believe they give up today (maybe tomorrow yeah, but not today). I thinking trying a long (for a scalp) if we gap down (but stay above 2100-2105)...not a given, but I may try....clear exit point on any long there.. Why should options ex become irrelevent this time? It has toyed with pretty patterns (every?) other (important) time this year....If it wasn't options ex, I'd clearly play the down (and leave any bounce at 2100-2105 alone)....with options ex, I am still thinking monkey biz here... Damn, I'm really hung up on this options ex thing, eh? If we gap below 2100-2105, forget this post. ng, g