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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (9178)3/6/2001 6:49:39 PM
From: Trading Machine  Read Replies (1) of 11051
 
Dear 2 cup sizes:

Boussant indeed! You ought to be ashamed of yourself!! maybe ggggg

Looks like JDSU warned again! The NAZ ought to/may have an abandon baby if we get a gap down tomorrow.

I went back to cash this afternoon at the close for two reasons. First OEX hit my daily down trend line today at the high and said "bye bye". Secondly my 60 minute stochastics went above 80 and K crossed D to the down side, although they did not drop below 80.

So the bottom line is that I sold at OEX resistance when we refused to either close near it or break through it.

what I expect from here is that we go down to OEX 641.8 or so and if it holds I will buy back in. If it breaks it to the downside I will wait for the 60 minute stochastics to reset under 20.

If, perchance, we zoom tomorrow past OEX 651, I will buy back in because it will be a break out on the daily.

So with Intel saying that the recovery will be slow and JDSU warning again - will the market just shrug it off, I just don't know. The Fed stuck the normal 2 bln in plus an extra 469 million in for some spare change. ggg

$DRG is at critical support at 400 so if it breaks to the downside the NAZNUTZ will run and if not the Drugz will prevail. gg I think the odds favor the NAZ going down. BWDIN???

Make lots of money! ggg

CU

Paul Kellam (aka the cash king, crash and burn baby!)

PS: The Gersh factor is coming into seazon... The MOON be full in a coupla daz - we all know what dat mean! gggg
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