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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Bucky Katt who wrote (11106)6/17/2002 11:59:32 AM
From: James Strauss  Read Replies (3) | Respond to of 13094
 
Jim, since this is a triple witch week, what do you think of shorting this morning rally, say with the QQQ, SPX & DJI?

William:

If the QQQ fails at 30.00 it could be shorted for a cover around 27.00... The SPX has 1050 and 1075 as resistance areas... A failure to cross 1075 or a failure at 1050 could be shorted for a cover around 1000... The Dow could run to 9700 and possibly 10,000... Failures at these levels could be shorted for a cover in the 9000 to 8900 area...

Jim