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

To: exp who wrote (33347)	2/25/2002 11:29:02 PM
From: ajtj99	Respond to of 99280

I think if we drop and do a 50% re-trace of the move up and it holds, that's a worthwhile long trade, providing there are stops in place. The operative word being "it holds". We could be in a sideways correction while the end of the month/beginning of the month thing plays out. The COMP has about a 40-50 point range every day, so there are opportunities to trade in any trend. You just have to be on the right side of it, which is easier said than done <G>. After that sideways correction plays out, we're ready for the ramp for options expiration <G>. Who knows if it will happen this month, but if NDX 1411 is taken out on a close, anything can happen.