This is when I started looking at the chip slide note the date of these detailed post... wished I played it better/sooner/BETTER 2/22/2004 #msg-2433063 On the Semiconductor Holders (SMH) side… 3/7/2004 #msg-2542513 On the Semiconductor Holders (SMH) side up-date... 4/28/2004 #msg-2960806SMH fib 38.3% retrace from Oct. 02 low = 35.00 + / - and I was looking at the Oct 03 gap at 36
You said I am starting to think that SMH will come up to test the 200 day MA ($40 level) before going down any further. That is quite possible
I think I will go QQQ calls on the next jump... but I want a pullback 1st... spread is tighter, more liquid,1 dollar strike increments. Etc I hope to do some SMH OTM leaps later after the Implied volatility comes down a bit…currently 35-37% SMH - 6 Months
QQQ - 6 Months
You said It always retraces 50% of any big move
That’s a relative statement is it not-g-…Do you do fib/fib fans charts? So… You never did say what SMH Put strikes you bought/when & $ -g-
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