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To: Chris McConnel who wrote (656)8/6/2003 5:21:20 PM
From: Jon Khymn  Read Replies (2) | Respond to of 795
 
True, we do have stronger support at 1600, non the less
1650 is meaningful for testing if "up trend" which has started in March this year is still well and alive.

That's why I've been waiting for this level since last month. If 1650 is breached, then I'll start accumulate short positions again. This will give me time to add meaningful short positions between 1600 -1650.


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