Trading the markets..... Message Board

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Pastimes : Trading the markets.....

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To: sandeep who wrote (2764)	1/18/2001 1:39:35 PM
From: Magnatizer	Read Replies (1) of 4583

sandeep I am certainly not buying up here. I doubt I add to the current long position at any point over 2612 nas 100 cash. I do not know where my next buy point will occur but I am currently of the opinion that I will be selling my current long position before I add to it. IOW today is impressing me thus far and I do not think I will get the proper amount of dip to buy. Looking for a short term move to 2989 nas 100 cash. That said... a CLOSE below 2612 today would give me reason to get flat. Short term indicators are overbought and we need to "power" through them thereby sending the bears into scramble cover mode. ht Mag

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