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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (10759)11/1/2000 8:40:50 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
dont be getting me in trouble, VGer

nice Samsung news on Rambo contract
with my (more than) doubling up on RMBS yday, fast approaching breakeven point on combined Feb calls

but once again, a lousy black cloud moved in overnight
MCI WorldCom is reducing guidance with tracker breakups
guidance down something like 30%

for all ebulliently optimistic shorterm viewers, bear this in mind:
NazComp just made its 4th electric bounce off 3100 lows in last few weeks
WE HAVE HAD ZERO FOLLOWTHRU YET
today again we retreat
NazComp remains below all its critical MovingAvgs
thus, these MA's will serve as resistance
yesterday's action was ALMOST TOO GOOD
it encourages sellers shorterm, not continued buyers

RAMBO-LITO over 50 again
this little beast might thumkb its nose against the market all day long
what a flip versus yday
/ jim
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