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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (2509)	4/14/2000 7:38:00 PM
From: marginmike	Read Replies (2) of 19219

JT I agree and its great to have you back. Man was I right do you remember are conversations??? We both said march April. Unfourtunatly started buying a litlle early but consider myself lucky to be down less then 20% considering the blood on the street. I removed my CC on QCOM sold two days ago @ 114 today hope it was the right move. If not I will begin feeling the pain of others. I believe that the fear and negativity I saw missing is now here I expect a short term bounce back to 3850 area, but am unsure with sustainability until damage is absorbed. Many very smart(at least they thought they were) peolple got absolutly burried today. I cant say some of them didnt deserve it, but in any case I feel their pain I have been there before, and I was 40% cash. I am in no rush to run in though, when we have a nice long base bottom I will start placing bets on the table again. I am still long 25,000Q and 17,000 DITC thats it, I am down 25 bucks on Q and 35 on DITC I had my Q xovered so I made a litlle to absorb my losses. Glad to have you back JT, wish it would be under better circumstances! Man is HIFN a BUY!

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