21 March 2007

Opening Wounds

The QQQQ is on the verge of hitting the 50% retracement level from the February highs @ $43.80...I figure to use some leverage here in buying the April $43 puts (QQQPQ) with a mental stop somewhere near $44.15...have to figure that level will hem in the bulls...wishful thinking?
Market about to open with NVDA poleax to follow...jfg

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