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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (1384)1/27/2000 1:21:00 AM
From: Jim Willie CB  Read Replies (1) of 35685
 
I see our range upcoming to be between two moving averages

the 18day MA now is turning down, at 145-147
the 50day MA now is at 120-122

I wouldnt be surprised to see a sudden short cover rally in the next 48 hours, halted by 18MA, or even 140 barrier

then a gradual fade back until FOMC is done meeting, supported by 50MA again

by this time, we could be facing a MACD crossover (downward)
subsequent rallies would be met with more fierce selling pressure, thus challenging 120 again

the 3rd time 120 is challenged, institutions might be empty on drypowder

I plan to hedge at 140 neighborhood (twice maybe?)
I didnt heed your warning at 160 at expiration day, and hedge
nor on earnings day, and hedge then either
damn, it is hard to hedge

/ Jim
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