<<,, when I wrote my post Comp was -6 now it is plus 55 I hope to see plus 150.. by Friday close>> Nice to see a plus 144 day on Comp, but it is the close of SPM that needs to be watched if you have cash SPC chart look at it you would find that between 28/12 and 27/1 we had two failures at this level, on cash if we go through 1473 like the rally between 14/3 and 29/3 we will see a sharp move up, NWX SOX approaching RSI of 50 and IIX 500 had a good run although DOT RSI is still lagging and has lot to catch, BKX closed above the lows and still in murky waters below 800, RUT needs to be above 515 to get going but overall this was a good close that I expected friday not today.. I will watch this SPC very closely we need this 1473 to be out to make some good run to 1518 area..
Thursday, Apr 27, 2000 1:04 PM ET
Reply # of 31318
Since the last post BVSN BEAS BRCM NOK and some of the key indicators are showing me some signals that are conducive and positive, since Wednesday night where I came out of my over weight positions in financials and old economy I have been treading very quietly in some of these stocks although NOK CSCO AMD INTC MSFT always remained my core positions however worth a shot at MSFT at much lower levels, I only intiate calls in a unknown market where we are at key supports out of money calls for two to three months is a save way to test waters.. I like BEAS BVSN BRCM lll VERT TEVA amongst others.. very calculated move coming out of DOW going into an oversold sector where interest rates expected rise may not impact much, if we look at MSFT balance sheet without any debt I would like that at 68 level and appreciate some position at these levels, it was in Feb I started talking about Brka BRKB hedge positions it was not until April huge moves that prove my point that we will see it as a hedge, now it may be a beginning of new investment in top calls success models.. I will like always keep you updated on this new convulated dynamic thinking of market relationships,, when I wrote my post Comp was -6 now it is plus 55 I hope to see plus 150.. by Friday close... |
