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

To: mishedlo who wrote (30053)	2/13/2002 10:17:22 PM
From: ajtj99	Respond to of 99280

Mish, as long as we close inside the downchannel, I'm staying short. I'm going to play Larry on this one and ride the channel until it is breached and COMP 1880 is taken out on volume. I agree this all appears to be fine tuning for options expiration, which would mean we go down afterwards if those levels hold. The lower BB on the chart is begging for attention, as is the lower channel line. I think the QQQ 40 range could be easily reached by March expiration if we finish a drop by the first week of March. By then the Max Pain level could have dropped to 38 or 39, leaving us a decent upside target if we find support not too far below COMP 1772.