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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (30195)2/13/2003 6:07:27 PM
From: Dr. Stoxx  Read Replies (2) | Respond to of 39683
 
OT: anyone know of the origin of the phrase "duck tape"?? I've always wondered about that...

My guess: it sounds like a duck when you rip it!!



To: Dr. Stoxx who wrote (30195)2/13/2003 7:37:44 PM
From: MeDroogies  Respond to of 39683
 
I don't know. Everytime we've had violent reversals, the trend has tended to follow through the next day. Then again, this market has tended to leave things hanging in the breeze over each and every weekend. Tomorrow will likely be flat, IMHO.

That said, many Max Pain points are much higher than current prices. WS doesn't like to take big hits on stuff like that. This could be a reversal to help cover big bets that were made a month or two ago.