VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (9424)	10/24/2000 10:25:08 AM
From: Jim Willie CB	Read Replies (4) of 65232

looking like EXTR might visit the 80's Volt here "feels" it might I notice the bounces off MA's and support 50day MA is at 95-96 huge meat of support between 85-95 its Relative Strength is poor over last couple weeks it is still on a daily stochastic downcycle still trying to find stronger support the move from 93 to 104 in last couple days was pure shortcover and daytrader action we might possibly see upper 80's for a cupofcoffee could be excellent buying opp but I must tell myself to be careful this puppy just had its bubble popped it has lost 25-30% of its value from the 125 recent top nothing springs back fast from that very tough damage done to sentiment in shorterm I think it will build supported base around 90 plus/minus the 50MA will aid the process but 85 could happen very soon that will trigger my response no longer thinking about March100 contracts will examine the March80,85,90 later, Jim

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