Ultra OTC Fund - UOPIX Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ultra OTC Fund - UOPIX

UOPIX 125.40

-1.7%

Dec 31 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: OldAIMGuy who wrote (974)	12/13/2000 2:34:11 PM
From: bob wallace	of 2063

Hey Tom, yes, everyone is somewhat nervous because we never got "capitulation" - close, but no cigar... so what I am seeing is techs calling for a rally to 3200 to 3500 (COMPX) and then a retest of the lows I would also point out that the NDX has two gaps to fill on the breakout from the recent low, and my experience is that it does fill them the lowest measured low I have seen for the third leg of the NDX bear market is 1919, and that is currently what I am feeding into my scale - I am considering adding 40% cash to my UOPIX account so that I can double my scales on the way down - that would allow me to "retain" several hundred shares on the way up and thus considerably reduce my average cost - the idea here would be to out flank any extended trading range that might leave me sitting at a loss for extended periods in the mean time, I guess no one really has a clue about the next twist and turn - to me, today's market simple means that a Bush Presidency has already been priced in and the reality of it doesnt really matter... the fundamentals are terrible and I think that I expect a lot of backing and filling until such time as the Fed actually cuts rates Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next