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


To: Zeev Hed who wrote (27714)9/17/2001 1:31:49 PM
From: vampire  Read Replies (1) | Respond to of 30051
 
Dont you (or your turnips....btw - are those turnips born in the Good Ol' U S of A? Hope you aint using imported ones) worry about margin calls brought about by this steep drop?



To: Zeev Hed who wrote (27714)9/17/2001 1:43:14 PM
From: Rich1  Read Replies (1) | Respond to of 30051
 
I know you have repeated yourself ad nausem but where do you think we go to?? 1900...



To: Zeev Hed who wrote (27714)9/17/2001 1:44:12 PM
From: ajtj99  Respond to of 30051
 
I'm looking to buy calls, but the darn things are so expensive right now. I got lucky and closed QQQ puts on open this AM, so the day is pretty profitable so far.

The only way to get around the high cost is to buy deep in the money positions on options.



To: Zeev Hed who wrote (27714)9/17/2001 2:05:23 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 30051
 
Zeev:

Is that 1600 low for this drop only? Or for the entire bear? I suspect we will go considerably lower after a decent "patriotic" bounce.



To: Zeev Hed who wrote (27714)9/17/2001 2:37:57 PM
From: Jdaasoc  Respond to of 30051
 
On record to be biggest DOW loss in history -- 665. That alone should be enough to be close to bullish indicator.
With GE and HD off 10%, MF redemptions are still coming hard and heavy. It is still the overriding theme of this market.

PS down 721 and BKX at 766. If we close week below 800 in BKX, market headed lower with much lower probabilities of meaningful rally. AJC lowered S&P to 1200. if that's what a bull perdicts, I hate to see what bear perdicts.