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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (8385)	7/31/2001 11:05:58 AM
From: marginmike	Read Replies (1) of 209892

JRI- a rally is needed to get the Bulls frothed, lower Rydex and SS sentiment polls to become bullish again. We will soon hear on CNBC about all the big traders coming back from break who will buy this ludicriously cheap market-g-. I figure 2-4 weeks of up and sideways will take care of rydex and sentiment. The vix is still to close to 20 for anything really BIG IMHO. I am long BKX/QCOM/QQQ's since late last week and will take my profit by tomorrow. I, like Allan like a bite of the middle. If the Sox would bless me with the chance to short @ 640 or better I would be a happy soul.

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