General Magic Message Board

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Technology Stocks : General Magic

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To: hcirteg who wrote (9337)	1/23/2001 10:28:38 PM
From: John Madarasz	of 10081

HC... I'll be sure to check in on that straddle when we get there... thanks. I haven't really been looking in on the options here lately, if there actually is much of anything going on... After todays stick I think we've actually gone from a pennant to bullish falling wedge in an uptrend. (notice the volume pattern) chartpatterns.com You guys couldn't be more correct either... market willing, a break to the upside would be the norm here. A shot of good news would probably be too much to ask for<g> The NDX daily closed above the 50 and used it as support today... just a whisker away from taking out last Fridays highs... so the 3000 area remains the target for this BEAR rally. Gotta trade the good setups, and this one looks pretty bullish... we shall see. Probably a good idea to keep positions managable though, prudence and all that<gg> Best of luck. FWIW, this board is my favorite too. JM

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