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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (837)	10/19/2001 7:26:44 AM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Symmetrical triangle on NDX 60-minute with a support line below at around 1318 or so. If we get a break, we may go down a bit to take care of our Max Pain business today, with some volatility thrown in during the process. I agree with anon that we should have a lower high today. 1264 NDX is looking like a real possibility to me right now, along with 1580 COMPX. We'll see what happens first at 1619-1634 if we drop below yesterday's lows. Daily still quite a ways from being neutral or oversold, so we still have plenty of room to fall. Put/call ratio is still high, leaving some indication that we may be able to hold above 1619 COMPX. If we get to around 1330 NDX today after what looks like a weak open, I'll consider closing calls and repositioning next week. I did nicely yesterday on the runup from the morning lows.