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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (9752)1/14/2002 11:50:30 PM
From: J.T.  Respond to of 19219
 
Larry says it best: no consensus but setting up the move before the next big move. The zig to set up the zag.

I think they are fading this move down before they take it back up to power thru resistance that held firm last assault.

And since this week is option expiration they must accommodate the boys down at the CBOE as all those calls at resistance levels and now key strike price levels go worthless.

I got suckered in long too early on the Rydex front, but I got a bigger payday setting up Long Feb and April options as Mercury retrograde cometh Jan 18th as cycle low nears...

Best Regards, J.T.