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us stock market, trend trading stock
Begin part 2 of 3
CONTINUING PLAY LIST
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LEGEND FOR CONTINUING PLAY TABLE
DATE: date play first appeared on report.
PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri =Ascending triangle; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; Dsc Tri=Descending triangle; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);
PIVOT=Buy point
Tgt=Target stock price for the play. Applies to stock and options.
Vol=Volume for the most recent session.
TgtV=Target volume to enter the play.
Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.
PLAY STATUS: Buy not hit (stock has not hit buy point); Buy not issued (stock has hit buy point but did not enter due to weak volume, poor intraday action, poor market action); Current (ongoing play already entered); Entered today (entered the play that session); Exited (closed the position); Target hit (play hit initial target; will note if took all or partial gain or let run further); Trailing stop (exited using a trailing stop loss).
Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAPL 07/08 Rolling 168.21 -1.84 138.55 149.91 11M 23M 162.92
Current. Short step lower on light trade to hold the 18 day EMA (165.99) with a doji. Easy day here and holding the moving average nicely so it looks good to start back up if this level can hold.
AAPL 04/15 Test 20 168.21 -1.84 119.69 132.77 11M 25M 162.92
Current.
AKS 07/23 Test 18 20.32 -0.80 19.65 23.55 7.9M 12M 19.21
Current. Gapped down and then slid a little lower as China was down 7% with worries about their economy. Still in good shape though and solidly in the uptrend so we are letting it play.
AKS 07/13 Test 50 20.32 -0.80 17.24 20.58 7.9M 12M 19.21
Current.
ANSS 08/22 Pennant 35.14 -1.23 36.20 41.95 598K 775K 34.58
Current. Not great action with a rather sharp fall on higher volume. At the mid August lows here and this is where it needs to hold and turn up from.
ASF 08/24 DB hdl 24.14 -0.26 24.60 29.88 162K 300K 23.72
Current. Quiet step lower to hold with a doji at the 50 day EMA (23.95). At a good level to hold here and now it is time to start the bounce higher.
BABY 08/19 Pennant 14.25 -0.19 14.03 16.92 158K 335K 13.77
Stepped down a bit after bouncing nicely off the 18 day EMA (14.12) with the intraday test lower. Giving us a great chance to enter again if it can hold here and then start back up.
BBBB 08/19 Flag 34.41 -0.78 36.04 41.75 168K 425K 34.89
Current. Gapped lower and started to move down from there but we kept it as the April peak is holding as support. Need to see it keep this as support and start to turn around from here.
BEN 06/25 Test 50 93.33 -0.38 71.80 79.95 921K 3.4M 90.42
Current. Lateral move with below average volume after bouncing off the low at the 18 day EMA (91.91). Sloping gently down from early last week and at a good place to bounce here so we are looking for this level to hold.
BHP 08/10 Flag 62.30 -1.76 63.48 72.94 2.9M 7M 62.21
Current. Gapped lower with below average trade but we left it as the June peak was holding as support. It looked ok to leave it, but now it needs to get back on track with some upside.
BIDU 07/29 Flag 330.06 -9.47 355.11 388.45 1.3M 2.5M 335.88
Current. Could not really do much with the gap lower to start the week. Held the 50 day EMA (322.55) though and it rebounded nicely from here mid March so we will see if it can do the same moving into September.
BIDU 07/08 Test 50 330.06 -9.47 281.68 307.85 1.3M 2.5M 346.88
Current.
BIG 08/03 Flag 25.42 -0.37 23.64 27.95 1.5M 3M 24.89
Current. Small gap lower and the intraday attempt to reverse it could not stick. Holding the gap up level and that is key to hold but it is doing so still so it could very well turn up from here.
BLKB 08/19 Flag 19.25 -0.22 19.60 22.94 191K 240K 18.49
Current. Short step lower with average volume to hold support with a doji at the 18 day EMA (19.09). Trending nicely higher still and at a great place to hold and start back higher from off this doji.
BOOM 08/26 Flat 16.19 -0.50 16.56 21.95 199K 450K 15.40
Buy Not Issued. Skipped lower with rising below average volume to hold the late July and mid-August closing lows. Moved the buy point accordingly to accommodate a hold and good bounce from here.
BUCY 08/04 DB hdl 29.85 -0.69 31.68 37.94 1.5M 3.4M 31.03
Current. Gapped lower but recovered to hold the 50 day EMA (29.80) so we left it alone. Some pretty decent support at 30 as well if BUCY can press just a bit higher.
BWLD 07/16 Trnd Rv 41.19 -0.88 34.19 41.95 343K 925K 39.77
Current. Modest lower volume pullback to start the week. Now we look to see how the late July peak works as support. Would like to get a hold and bounce from there.
CEDC 08/12 Flag 32.20 -0.46 32.15 39.55 1.1M 1.2M 29.78
Current. Little step back to a doji at the 10 day EMA (31.77). Average volume on the day and maybe feeling a bit of resistance from the prior August peaks. Solidly in the uptrend though so we are going to give it more time to work higher from here.
CELG 08/29 Test BO 52.17 -0.55 53.48 64.95 2.2M 5M 51.11
Buy Not Hit. Short gap lower to a doji that held over the mid August lows right at 52 as support. This would be a good level to hold and start up from to give us the buy.
CMG 08/29 Test 50 83.88 -1.18 86.68 99.85 234K 700K 82.92
Buy Not Hit. Still melting lower with light trade to start the week. Not ready to move in as we are waiting for CMG to hold and turn back higher. Going to give it just a bit of time.
COP 08/29 Pennant 45.03 -0.67 45.96 55.95 10M 17M 43.89
Buy Not Hit. Popped down with below average trade but recovered off the low to hold the July and early August peaks as support. We can look for it to hold here and then start back up to give the buy.
CRY 08/29 Flag 7.45 -0.04 7.66 9.91 321K 500K 7.12
Buy Not Hit. Tiptoed lower to a doji at the 10 day EMA (7.38) with below average trade. Nice little pullback over the last week and now we are looking for the hold and bounce up to give us the buy.
CRZO 07/23 Test 50 19.33 -0.64 20.56 24.97 619K 1M 20.11
Current. Gapped down a bit and the only reason we stayed in was the rebound off the lows. That being said we need to see a bit of a reversal Tuesday.
DRIV 08/05 Rolling 35.32 -0.09 35.77 40.91 407K 640K 33.78
Current. Side stepped along the late August lateral move after recovering nicely off the low. The early August levels are holding as support and DRIV is looking pretty good as it gathers strength here.
EQR 08/14 Flag 27.31 -0.49 27.39 34.87 3.7M 6.5M 25.64
Current. Stooped lower to a doji at the 18 day EMA (26.93) with lighter trade. Not a bad place to hold, but EQR may need another day or two down here before jumping back up.
ESRX 08/06 Test 50 72.22 -0.38 67.39 74.95 3.5M 3.5M 69.91
Current. Baby step down with just over average volume with a doji at the 10 day EMA (71.32) and late July peak. Looks good to bounce higher from here.
FLIR 08/25 Asc Tri 23.02 -0.08 23.31 27.45 1.8M 2.6M 22.24
Buy Not Hit. Bit of a side step to hold the 10 day EMA (22.85) as support. Looking for the move over the prior August peaks that holds before we pick this one up.
GIS 08/10 Test BO 59.73 +0.76 58.59 67.42 1.9M 4M 57.91
Current. Solid step higher with improved trade to start the week. At the top of the August trading levels now and it is time to see if it can add to the gains after this solid day.
GTLS 08/12 Cup hdl 18.66 -1.07 22.08 25.95 223K 450K 20.54
Exited. Gapped and then slipped lower so we moved out of it. Had been a very orderly pullback, but just got out of hand and this was the straw that broke the camel's back.
HAL 08/27 Flag 23.71 -0.33 24.12 29.97 16M 18M 22.54
Buy Not Hit. Gapped lower but a very nice reach down and recovery on volume to finish the day so we moved the buy point in case of the bounce here.
HNT 08/20 BullRev 15.32 -0.38 15.21 18.45 2.4M 3.5M 14.92
Current. Fell back a bit from the doji at the new August high on Friday, but closed well off the intraday low to show a bit of life here. Going to let it pullback just a bit here, but we are looking for a more reserved move Tuesday.
IBM 07/08 Rolling 118.05 -0.17 102.98 111.91 5.4M 10M 116.21
Current. Gapped down and recovered a bit into the close to move laterally from Friday. Needs to hold here or we give it a pink slip.
IBOC 08/19 Test BO 15.44 +0.09 15.29 19.65 521K 650K 14.22
Current. Nice lateral move to keep the side stepping from mid August going. Still trending very softly higher so we are going to wait for the big jump up to get things started.
IDXX 06/08 Test BO 50.76 -0.24 45.64 51.95 212K 700K 49.11
Current. Lateral move to hold right in the midst of the early August levels. It would be nice to see a jump up off this doji, but if it takes another day or two at this level we will grant it that.
IDXX 05/16 Test 20 50.76 -0.24 41.65 47.55 212K 700K 49.11
INT 07/24 DB hdl 44.94 -1.81 42.20 47.95 429K 700K 45.08
Current. Pretty stiff selling to start the week on a not so good note. Still a chance here though so we are going to see if it can hold here around 44ish and turn back up.
KLIC 08/14 Pennant 5.26 -0.24 5.58 6.92 910K 1.2M 5.16
Buy Not Issued. Started the week by sliding lower with average volume to hold support at the 18 day EMA (5.27). If it can hold here and then bounce we will have a nice entry point.
LINE 08/22 ABCD Up 21.29 -0.51 21.88 25.95 1.1M 1.8M 20.55
Buy Not Issued. Slipped lower with higher volume before bouncing a bit from the low at the 21 dollar mark that has acted as support some in August. Not a very strong move off the Friday doji so we need to see a reversal Tuesday.
LNN 08/22 Asc Tri 41.51 -1.69 46.62 53.75 277K 450K 43.64
Current. Sold back but bounced a bit at the May and early August peak so we left it. This is where it needs to bounce from to keep this play alive.
LPX 08/17 Flag 7.53 +0.05 5.80 7.88 2.8M 2.5M 6.98
Current. Lateral move with just over average volume after recovering solidly off the intraday low. Good move here as LPX is unwilling to give anything up. Going to let it keep going as it is showing no sign of slowing yet.
LTD 08/14 Flag 14.92 -0.16 14.56 17.55 4.7M 5.8M 14.36
Current. Small move lower to a doji at the 10 day EMA (14.91) and early August peak for support. There is support below at the 18 day EMA (14.53) still but this would be a good place to see LTD turn up from on Tuesday.
MR 07/01 Test BO 30.90 -0.60 27.62 33.88 683K 1.2M 30.22
Current. Sold off a bit with the China selloff, but bounced nicely off the low so we let it keep running. Right over the late July peak so we now need it to start back up from here.
MR 06/17 Test BO 30.90 -0.60 26.53 31.45 683K 1.5M 31.58
Current.
MRVL 05/26 Asc Bse 15.25 -0.11 11.85 14.00 11M 17M 13.91
Current. Short step back after the Friday gap higher. Low volume with the downside is a plus so we are now going to see where MRVL can hold to start back up from. Looking for a bit of support at 15 with the August '08 levels.
NFLX 06/22 DB hdl 43.63 -0.59 41.38 49.95 811K 2.9M 43.91
Current. Moved lower with falling volume but bounced off the intraday levels to recover the 50 day EMA (43.35) as support. Holding the uptrend but we are now going to see if it can bounce up from here.
NKE 08/11 Cup hdl 55.39 -0.79 57.50 65.95 1.8M 4.5M 55.21
Current. Holding some key support here with the short July gap higher and the 50 day EMA (55.00) so we are leaving it to see if NKE can make the run.
NOV 08/05 Rev HS 36.35 -0.88 37.14 42.88 5.2M 9M 37.89
Current. Gapped to a doji at the 50 day EMA (36.08) for support. Saw the Same move two weeks ago and it recovered so we are going to see if it can do the same this time.
NTGR 07/28 Test BO 17.07 -0.40 17.05 19.95 223K 350K 16.07
Current. Short step lower after closing for a new August high on Friday. The late August peak at 17 held for support so we are going to see if NTGR can keep holding this level on Tuesday before starting back up.
NVTL 08/22 Cup hdl 9.65 -0.19 10.36 12.44 517K 900K 9.63
Buy Not Issued. Gap down and closed there after an intraday recovery that reversed lower to close. Not the strongest action after giving up so much intraday but the July peak is holding so we are going to see if NVTL can bounce from there.
PH 08/07 DB hdl 48.66 -0.70 48.82 58.77 1M 2.6M 48.11
Current. Gap down with below average trade but reversed the intraday move nicely to close at the 18 day EMA (48.66) for support. Might be able to get something going Tuesday after the nice recovery, but it is the first day of the worst month of the year so we will see. Key level at the May, June, and July highs holding still.
PMTI 07/25 Test 50 13.88 -0.19 14.63 17.88 151K 400K 14.55
Current. Pretty decent recovery off the low to hold the 50 day EMA (13.82) as support. Keeps venturing lower intraday, but always reverses to where it needs to hold. Getting a little impatient as PMTI refuses to make a move, but we are going to give it more time.
PNC 08/13 BullRev 42.59 -0.27 42.87 51.95 3.5M 8M 39.87
Current. Lateral move to hold in the gentle upslope starting halfway through August. Trending easily, but slowly, higher so we are leaving it.
PNRA 08/24 DB hdl 52.21 -1.03 53.75 62.45 297K 875K 51.77
Current. Struggling again with the gap lower to start the week. Not the kind of action we were looking for, but it is at least holding the mid August lows so we are leaving it. This is the level it needs to bounce from.
PRFT 07/27 Asc Tri 7.76 -0.11 7.24 8.94 130K 220K 7.54
Stepped lower to hold the early August peak and 18 day EMA (7.65) as support. Nice little pullback here to support that we are looking to hold and get the bounce from.
RIG 08/27 Pennant 75.84 -1.72 77.68 89.95 2.9M 5.5M 74.77
Buy Not Issued. Gapped down but reversed off the intraday low to hold the 50 day EMA (75.82) as support. Good level to hold and bounce from to give us an entry.
RL 08/17 Flag 66.38 -2.34 66.04 74.95 1.2M 2.4M 64.89
Current. Not great action as it reversed down without making a higher high. This will be a key test down to 65 and the early and mid August lows.
RS 08/27 Pennant 36.94 -0.72 37.55 44.75 975K 1.4M 34.92
Current. Gapped lower but tapped the 50 day EMA (36.22) and bounced to close. Very solid action so we are going to let it keep burning higher to take out the August highs just over the 37.50 mark.
SBUX 06/23 Test 50 18.99 -0.34 14.82 17.95 11M 18M 18.49
Current. Eased lower with just below average trade to hold support at the 18 day EMA (18.90). Taking a breather here and if this level can continue to hold on Tuesday there is no reason SBUX can't keep moving higher.
SCHN 08/27 Asc Tri 54.01 -0.90 54.68 64.95 387K 875K 50.85
Current. Short gap lower, but reversed off the intraday low after tapping support at the 50 day EMA (52.89). Pretty solid action so we are going to see if SCHN can do anything with it on Tuesday.
SHW 08/18 Rev HS 60.20 -0.73 60.98 69.95 1M 2M 58.68
Buy Not Issued. Slipped lower and though it recovered off the low we are dropping it. Just not able to show any solid action.
SLT 08/25 Pennant 13.39 -0.52 13.54 17.24 2.4M 3M 12.56
Buy Not Issued. Gap lower but recovered off the intraday low to hold support at the 18 day EMA (13.31). Has been looking a little weak at 14 with the August highs, but definitely suffered Monday with the China selloff. If this level can hold though and SLT bounces, we will have a great entry thanks to the pullback.
SMTC 08/11 Test 50 18.27 0.00 17.68 20.95 344K 850K 17.44
Current. Side step after banging around a bit intraday. Still looking pretty decent coming out of the flag pattern, but having some trouble making the gains stick. In no trouble right now so we are going to give it a little time to warm up.
SOHU 08/29 Asc Tri 61.02 -1.44 62.06 74.95 712K 1.3M 59.77
Buy Not Hit. Gapped lower, but held support at the August lows with a doji. Lowered the buy point and we are looking for a solid bounce to give us the entry.
STE 08/29 Asc Tri 29.02 +0.13 29.24 33.91 372K 625K 27.58
Buy Not Hit. Short gap lower but reversed to post just a bit of upside at the close. Holding perfectly in the Asc Tri pattern and if it can keep up the good work we will look at an entry.
SY 08/26 Test 50 34.85 -0.18 35.15 40.45 863K 2M 33.64
Current. Very small gap lower but held support at the 18 day EMA (34.65) and April peak with a doji. Still in the uptrend so we are letting it play.
TEX 07/30 Trnd Rv 16.48 -0.59 15.17 18.48 3.6M 4.2M 15.86
Current. Pulled back with just over average volume but recovered a bit off the intraday low to close at the 10 day EMA (16.39). Not the strongest action but with the uptrend still intact we are going to see if it can rebound some from here.
THC 08/24 Flag 4.66 -0.10 4.73 5.95 7.1M 12M 4.32
Current. Short move lower to a doji at the 10 day EMA (4.65), and really keeping the trading range from the last half of August holding strong. Bouncing along easily so we are going to see what it can manage off this doji as trade picks up.
TIBX 08/20 Pennant 8.87 -0.09 9.34 11.94 2M 3.2M 8.79
Buy Not Issued. Moved lower to a doji with falling volume to keep filling the gap down. Holding over the early August peak for now and we are going to see if TIBX can manage a bounce from there. If it cannot we may have to shelf this one for a while.
TITN 08/22 Cup 12.05 -0.48 12.95 16.68 126K 450K 12.32
Current. Gap down and slid lower from there to start the week. Holding support at 12 and this is where it needs to bounce.
TKC 08/07 Test BO 16.11 -0.63 16.10 19.64 500K 1M 16.38
Exited. Sold off some and showed no signs of reversing so we cut the cord. Going to give it some breathing room and we will see if it sets back up.
TYC 07/10 Test 50 31.69 -0.10 26.75 31.95 2.5M 5.5M 30.78
Current. Side step after tapping the 18 day EMA (31.22) on the low and recovering. Solid action so we are letting it run.
UTHR 08/07 Flag 91.51 -0.61 92.66 103.94 359K 875K 88.82
Current. Lateral move to a doji at the 18 day EMA (91.26) and right in the thick of the August trading range. Taking things easy here but volume may keep picking up and that could give UTHR the boost higher to get things started.
WFT 08/13 Cup 19.95 -0.59 20.85 23.98 9.9M 15M 19.39
Current. Gap lower but bounced from the low to hold key support over the July and early August peaks. With this level holding we are going to leave WFT alone and let it work for the bounce from here.
WRLD 08/26 DB hdl 26.03 -0.32 26.88 31.75 176K 550K 25.11
Buy Not Issued. Tapped the 18 day EMA (25.50) as support on the low and bounced to close for just a small step lower. Not a huge move and holding the uptrend easily so we are leaving it.
XLNX 08/25 Flag 22.24 -0.41 22.44 26.95 4.6M 8.5M 21.54
Buy Not Issued. Tested nicely lower and held support nicely from the early August peak. Good test so we are looking for it to hold and bounce to give us an entry.
Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAP 08/20 BearFla 42.30 -0.82 42.62 38.85 2M 2.2M 43.41
Current. Sold some with average volume to find some support at the 42 mark. This is key support to break to see the kind of move we want.
AMZN 08/19 BearFla 81.19 -1.57 82.73 75.58 5.3M 7.5M 84.04
Current. A gap down on the heels of the Friday gap up and rollover. A bit of support at the prior August low just over 80 to break, but moving solidly in the right direction so far.
AVAV 08/01 BearFla 28.13 -0.39 28.04 25.11 79K 250K 28.88
Current. Short step lower and being held down easily by resistance now. Still not able to break below the August lows as support though, and that is now a key level to break below at the 28 dollar mark.
BKE 08/22 Put 26.45 -0.62 26.18 23.22 867K 1.8M 27.66
Current. Light resistance from the 10 day EMA (26.90) held and pushed BKE a little lower to start the week. Still support at the 26 mark to contend with, but BKE is loosening its grip on this level so we believe it can keep falling from here.
FFIV 08/24 HdShldr 34.50 -0.63 34.66 30.88 1.4M 3M 35.72
Buy Not Issued. Looking shy as it shrank back after two days of gains. As it should be though and is putting in a lower high here to keep the August trend in shape. Might test the 50 day EMA (34.75) a bit and if it fails there we could look at an entry.
HCBK 08/14 Dbl Top 13.12 +0.25 13.44 11.42 12M 9M 13.26
Current. Big volume with the upside move to resistance at the 200 day SMA (13.13) where it stalled. Needs to keep stalling here at this key level and then move lower. Do not want to see any more gains from here.
ICE 07/16 Put 93.80 +0.39 89.65 81.45 1.2M 2.8M 89.44
Current. Very small upside as ICE tests resistance from the 50 day EMA (94.62) a bit. If it can fail here it is in good shape to fall a good ways before catching itself.
IWM 08/25 Put 57.20 -0.85 58.18 55.05 35M 50M 59.15
Buy Not Issued. Gap lower to follow the Friday gap higher and rollover. Still holding support at the 18 day EMA (57.00), bouncing off that on the low. Still in prime position to fall, and if it bounces to start the new month it will be in good position to turn again and give us an entry.
JNPR 08/19 Put 23.07 -0.51 23.90 23.32 5.2M 12M 24.23
Current. Stepped lower with falling volume to close at support from the prior August lows. If it can continue lower from here it will break this pretty key level and will be primed to give up a good chunk of downside.
LMT 08/05 Put 74.98 +0.03 74.54 70.04 2.4M 3.6M 75.66
Current. Side step as LMT tries to hold 74 where it bounced off the low. Stalling here so it looks weak, but there is support to be broken and that is what we are waiting for now.
MS 08/17 Dbl Top 28.96 -0.55 29.55 25.35 20M 27M 30.64
Buy Not Issued. Gapped lower to take the play away from us so we are dropping it.
NTAP 08/29 HdShldr 22.75 -0.57 22.76 20.72 6.2M 9.5M 23.89
Entered today. Moved lower after failing to make the Friday move to resistance stick. Very good action as NTAP is set to roll a good deal lower so we moved in.
OMG 08/19 HdShldr 27.21 -0.94 29.88 24.91 533K 400K 30.92
Buy Not Issued. Gapped lower to take away the buy so we are dropping this one.
PG 08/11 BearFla 54.11 +0.92 52.87 49.55 15M 12M 54.11
Current. PG shot higher on volume to close over the 200 day SMA (53.63). Not the direction we want it to be heading so we need to see a reversal from here that closes below the 200 day SMA on Tuesday or we are pulling the plug.
RHB 08/12 BearFla 20.99 -0.10 21.51 17.86 125K 285K 22.11
Current. Lateral move after recovering off an intraday dip way down. Holding the earlier August low and that is a level that really needs to be broken here.
SHLD 08/26 Put 63.45 -0.99 64.25 59.24 1.3M 1.5M 66.92
Current. Gap lower to a doji at support from the August lows. If it can continue lower from here it will get the move out of the gap down level started and will bring in the solid gains we are looking for.
SMH 08/14 BearRev 25.45 -0.24 23.96 22.08 6.8M 15M 24.41
Current. Filled the gap with the doji at the early August highs and 10 day EMA (25.09). Thus far holding where it has to. Needs to break below 25 on the close on some more volume. If it does not make the break will have to close it.
SPG 08/29 ABCD Dw 63.62 -1.15 64.44 59.21 3.4M 5.5M 66.91
Buy Not Issued. Gapped lower, sold, and bounced so we did not enter. Light support came into play and we need to see the downside hold before we move in.
SPY 08/18 Rollove 102.46 -0.92 98.94 95.03 175M 225M 100.41
Current. Gap lower but recovered a bit off the low to cut the losses. Needs to break down from here and crack the early August highs (101.57 closing) as a next step, then 100. If the market gels and it does not break on down to 100 we will have to close it out.
End part 2 of 3
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