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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (48724)	8/2/2002 12:41:36 PM
From: ajtj99	Respond to of 209892

AA, since last week I've been looking for a lower low on the NDX and a double bottom on the COMP. I was not sure of the timing or if it would happen, but I've had NDX 840-850 in mind for at least a week. The thing that surprised me a bit was the extent of the run off the lows last week. I did not anticipate the extension we got, but end of month stuff proved more powerful than I expected. That said, I'm planning on closing puts around NDX 970, as that should coincide with COMP 1230. The combination of the low on the NDX holding and a higher low on the COMP may provide a 20-30 point bounce possibly. I also want to lock in some profits after breaking a triple top on my speculative account <G>.