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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Stephen M. DeMoss who wrote (71783)	3/11/2001 10:03:31 PM
From: KymarFye	Read Replies (1) of 99985

Well... I don't think you would have asked about CHKP or would be so ready to cover if you weren't already feeling iffy about it... least that's what I'll tell myself if it goes ahead and breaks down after all, as we agree it by all rights "should." But maybe the market or someone gave a second thought to the same new product that didn't seem to be impressing anyone very much a few days before Fri... Could be CHKP's revenue stream and growth projections are more real than some others... Whatever... I wouldn't hesitate to get into it long or short next time it sets up with some clear space above or below - could happen as soon as tomorrow, just wouldn't trade on the possibility of the possibility. If I were you, if I did cover, I'd still keep an eye on it for possible re-entry.

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