Replies to post #4428 on T/A ETF AND INDEX

[farooq]

So we reached here what we do now?
I think now we go down, but max down could be 37.18 if we closed above 40.55 we will test 42 areas on the chart, but I am 75% sure that from here we will go down. So fasten your seat belts.
I did sold puts on September 40 yesterday and I have no intention to cover them.
Pokersam you need to adjust your projection.

My view yesterday,
"I have a hunch we might try 40.35 before going back, no TA reasoning.
I might buy again @ 39.82 with stop of 39.65, earlier sold every thing @ 40.05 that was my logical target, Hold on put buying also. Do your own D/D.
Farooq
I have 100 Oct 39 series @ 0.55, which are down.
Pokersam, you should switch for 39 or 40 will make more sense now, JMHOP."