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To: Shack who wrote (68182)3/9/2003 2:01:23 PM
From: jjstingray  Respond to of 209892
 
Shack, what about a low into the 13th, marked by the "e", then a max pain rally that just keeps going up to our "C" target.

stockcharts.com[e,a]dhclyyay[dc][pb5!b15!f][vc60][ilb14!la12,26,9!ld20!lp14,3,3!lk14!lah12,26,9!ll14][J9429638,Y]&pref=G



To: Shack who wrote (68182)3/9/2003 5:10:58 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 209892
 
<<I am expecting strength early next week. Bears had their chance to break the market on Friday and couldn't do it, for now>>

Precisely...one fades that nugget at one's own risk.<NG>



To: Shack who wrote (68182)3/9/2003 5:46:45 PM
From: the-phoenix  Read Replies (1) | Respond to of 209892
 
It is really up in the air, and again, the only way I can see to trade the Spoos right here is to stay short below 830-835, but get out of the way if we break higher this week.

The risk/reward of a short from Friday's highs/close is quite good unless one is convinced this will break higher right away on Monday.

I am short a third from about 824, and plan to add a third at 831 and a final third in the 835 area, with a stop out of the whole thing a point or so above that. I'm not sure where I would start covering if we head down, but I am sure it will be too soon.