Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (32067)	2/21/2002 11:30:50 PM
From: ajtj99	Respond to of 99280

Zeev, after studying things tonight, I've got a better idea of how this thing might play out over the next couple of weeks. The key is that falling SRL line on the NDX connecting the Dec. highs. If we bounce tomorrow at NDX 1333-1340, we should have a 2-3 day run (this is provided we don't get extreme tick readings we're looking for). That could bring us to Tuesday or Wednesday and 80-100 Nas points from the low. Once we get close to the middle BB and/or the gap from last Friday, we could reverse back down and hit a low of around COMP 1650 on March 4. That would coincide with the SRL line on the NDX, which is dropping about 7-points a session. I believe the 4th or the 6th could also be cycle dates, but I'm not sure. The 4th would also leave us enough time for a furious rally into March expiration. If that SRL line cannot hold the price on the 4th, we would know that the full re-test of the Sept. lows was in process and the MM's would start their delta hedging. Anyway, that's the way I'm seeing it tonight. Probably similar to what you're expecting.