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Technology Stocks : INTEL TRADER

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To: Berney who wrote (7012)10/15/1999 5:27:00 AM
From: MonsieurGonzo  Read Replies (1) of 11051
 
TB:" YTDzero "

>If the SnP closes below 1264, I believe it will be a shot heard round the world...

agreed; we're at an important market support level. Even more important is the ~1225 area; it's the near-target and SPX-500 YTD "zero" level.

fwiw, I've got (SPY) accumulation/buying-op levels set at:

1x ~126 = -10% (we just did that one 28-SEP)

2x ~122.5 = SPX YTDzero

3x ~119

4x ~114 = SPX -20% correction area

...that's 100% of kapital (1x="10%", 2x="20%", etc); so,

5x ~106 = SPX -25% correction; margin/reserve

-Steve

geocities.com
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