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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (9203)	8/7/2001 11:05:06 AM
From: JRI	Read Replies (2) of 209892

I was expecting a more jello-y-type up this morn...that was a pretty nice move...if we get another wave like that on Dow/COMPX (vs. jello), it'll make me become even more cautious about trying to play Csco earnings (re-enter shorts) at close today....I'm comfortable w/COMPX getting back to mid-2050s max, but don't like a Dow above 10,5..(for short argument, short-term).....Might just be safer to wait for news, and market reaction tomorrow morn. Although I still favor down, I have to respect the market's ability to accept bad news here...Several major downgrades in semi-land, and stocks are not tanking enough for my tastes....look at freakin' Dell...hoping for a lot of jello today

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