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Re: qwave post# 491807

Wednesday, 08/09/2006 6:16:33 PM

Wednesday, August 09, 2006 6:16:33 PM

Post# of 704019
I am not sure the downtrend is starting yet, today sell off might actually be healthy, my guess is we have at least a week of additional distribution in the 2060/2120 area on the Naz before we are ready. Note for instance that yesterday's sell off brought about quite a lot of put buying (EPC reached .91, which we have not reached even when we touched 2000 just few weeks back).

AZH

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