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

To: wave3rules who wrote (135313)	8/8/2006 7:54:33 PM
From: The Freep	Read Replies (3) \| Respond to of 209892

LOL. The PPT!!!!!!!! Tell me, do you know when those puts were opened? Were they protective or for profit? How do you know? I can easily see 36 being some sort of pivot, but QQQQ puts alone are never gonna define the action, nor is 600K of them nearly enough money to require the PPT. As for this being a 3 of 3 down, I remain unconvinced, largely cuz volume should be stronger, and the moves down should be more consistent and not as...uh... inconsistent. That's the biggest motive wave, after all, and we should be waterfalling ASAP.