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

To: marginmike who wrote (6964)	7/12/2001 11:23:54 AM
From: JRI	Read Replies (2) \| Respond to of 209892

MM- i wouldn't be surprised to see jagged up for the next week (this forecast totally disregarding the waves- just gut feel)...but 2080 and then around 2100/2110 is going to be awfully tough for COMPX to crack (the latter, the downward trendline from highs).. I am thinking....if you are right (rally into options)....The Max-Pain of 44, and the 2 above-mentioned resistence levels are a real good resting point.....we are not THAT far away now from those levels now (after huge gap).. I am not confident at all that COMPX can rally above low 2100s going into late July/August...terrible time for a launch, doncha think? Looks like I bailed just a wee bit early on that short..oh well..