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Strategies & Market Trends : MP - Market Pulse -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (1154)	8/8/2001 8:30:04 PM
From: ajtj99	Read Replies (2) \| Respond to of 1328

Bobby, I re-checked and you're right about USPIX being no-load. I don't know why my pop said something about a fee when he got out. Maybe he paid a huge commission in a IRA brokerage account. Anyway, what about the in and outs? Can you get in and out as often as you want? I'm of the opinion that we need a green day Thursday, even just a few points, followed by some nice drops on Friday and possibly Monday. If 1934 is breached, I still believe 1890 is the most likely point for a bounce. 1850-1870 provided good support and resistance on the drop and bounce in March/April. 1875 would get us halfway into the un-filled gap from April 11 from 1852 to 1885 or so. Either way, I think the prudent thing for me to do is wait to see how 1934 is handled, and sell my QQQ puts at COMPX 1890. Options expiration next week tells me we're going up to attempt Max Pain (now at 42, but likely to be closer to 41). A 50% Fib Re-trace from the high of 2103 last week to a possible bounce at 1890 would take us to Max Pain area. A .618 (COMPX 2020) would allow for some Zig-Zagging to shake loose and screw the most people.