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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: pz who wrote (22786)3/30/2000 8:53:00 AM
From: Nemer  Read Replies (1) of 53068
 
Hi Cuz ---

What does your BCT say about our beaten up GUMM? Time to throw in the towel?

my usage of the BCT on equities gives some very strange readings as the modifications in the past years have taken effect ( use mech pencil instead of #2 yellow wood and graph paper instead of a BigChief or BlueHorse ruled tablet and strangest of all of the changes is no fundamental analysis as now I don't know or care what the *symbol* does for wage and profit)
but
I
digress (again...ggggg)

GUMM ==== short since 17 1/2 and looking for 12 1/2

and before I leave for Big D to pick up a patio set we bought last weekend here is the report on the 3 indexes and the spoo future

DIA === covered the short from 110 at 110 for breakeven, SARed it and went long there

QQQ === still short from 117 1/2 with cover moved down to 114 now

SPY === still short from 152 1/2 with cover still set at breakeven

SP0H and ES0H === still short from 1539 with cover now at breakeven

Good luck on the well drilling ----
whacha drilling for this time ==== water?????? hehehehe

Nemer

ps ... appears a whipsaw loss is forthcoming on the DIA so I will suspend the cover price and let the chart do the telling after 10:30am EST ---- I won't be here but I'll let you know if it was a wise move or not late tonight or tomorrow morning ..... BZG
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