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Politics : Formerly About Advanced Micro Devices

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To: TGPTNDR who wrote (149678)8/14/2002 6:38:01 PM
From: tejek   of 1581242
 
Wish I'd covered it all. Wish I'd had stop losses in place. Wish I'd been paying attention when the market turned.

But I didn't.

This one hurts


Hey, this turn caught most people by surprise. Apparently, a buy program started up around 1:30 and forced the shorts to cover. I bet we rally tomorrow but I think it will stall out by Friday.

While the Naz has cleared its short term down trend line, the DOW has been bumping right up against its d. t. line for a couple of days now. I figured the Dow will be forced to back up eventually, and since its the stronger of the two markets, the Naz's rally will stall out by Friday. But I think, for sure, the Naz rallies tomorrow because BRCD came in with a decent earnings report and is maintaining its 4th quarter guidance.

You might want to hold those Q's at least until Friday to get your best possible exit point. FWIW.

Disclaimer: This market is fukked and I don't know what the hell I am talking about!!

ted
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