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

To: mishedlo who wrote (20997)	7/19/2001 11:19:47 PM
From: Jdaasoc	Read Replies (1) \| Respond to of 30051

M: I will close shorts and watch. You are not alone wanting to cover short position so I expect that some of this 3% AH NDX tanking will dissappear shortly after NDX and S&P settlement prices are determined. It seems that they needed settlement price closer to 1650 than 1700. I suggest that you settle near open if the price is right if we don't fall any farther before open. I was watching NDX 1700 call prices for last 2 days stay about 20 and decided to roll the dice with short 1700 NDX call that I had opened on 7/5 after 30 pt pre market NDX rally fizzled out and we lost 60 for the day for a 90 pt swing in one day. john