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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (5451)12/6/2000 12:45:34 AM
From: J.T.  Read Replies (1) of 19219
 
...<Back long in CSCO at 49, QCOM at 94 3/4 and HIFN at 34 this morning>...

I have stated back in October QCOM would run to 102 and I would sell into strength. I may be doing this outta da blocks tomorrow in the first hour. I have been in and out so many times with this schizo market that I will net 15 points + in hit and run guerrilla attack.

On CSCO, I am looking to sell into strength in this 56 1/2 to 57 level. If CSCO can not get thru 54 tomorrow I will in all liklihood sell before the bell. If it hits 54 I will have a mental stop at 53 1/4 and lock it in.

HIFN looking to sell at 44-45 level.

I am tired of watching paper gains erode and I will sell into strength cut and run.

Best Regards, J.T.
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