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

To: J.T. who wrote (10621)2/19/2002 10:58:10 AM
From: yard_man  Respond to of 19219
 
at what level of the BKX would you turn bearish on those, J.T.? thanks



To: J.T. who wrote (10621)2/19/2002 11:08:14 AM
From: yard_man  Read Replies (2) | Respond to of 19219
 
this is enough for me -- odds are we break Sept lows

stockcharts.com

risk is on the downside here, IMO.



To: J.T. who wrote (10621)2/19/2002 11:16:14 AM
From: Steve Lee  Respond to of 19219
 
"Bears make money, Bulls make money... Pigs get slaughtered"

One of the best one liners out there. I speak from experience. I don't think the bounce is coming. Have taken a position in puts. Small enough to write off should 1400 NDX hold out but will still be a very nice profit indeed should Sep lows be revisited before April expiration.


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