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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (4116)	6/4/2001 8:49:07 AM
From: JRI	Read Replies (1) of 209892

Wow...what a surprise....a little gap up.....spell it D-I-S-T-R-I-B-U-T-I-O-N... We may need an hour (or two) to burn off short-term stochastics....but I likely add the 2nd 1/2 of my position near open....too nice a set-up here to wait for an extra 1/2%....As always, there is risk...but 2173-2180 should be tough resistance here....If the criminals don't gap it thru, it should hold, and if the COMPX needs an hour...that area should exhaust the bulls. I'll be worried if we easily take out 2180....and will likely bail soon after, depending on strength of move...may hold to 2200... Cypress Semi warning today.....revenues down sequentially 25-30%....says 50% of the biz (segments) is "DEAD"....yup, April was the bottom <G> You know, I wonder how much more effective Elliott would be with 24 hour markets....likely we wouldn't have this gap crap and shenanignas, and the waves would be smoother....then again, who the hell wants the watch this stuff 24/5?

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