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Technology Stocks : Jabil Circuit (JBL)
JBL 213.55-0.7%3:48 PM EST
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To: patroller who wrote (5936)2/8/2002 1:33:33 AM
From: Asymmetric   of 6317
 
Patroller, i was testing the waters myself.
But I don't like recent action in the market.
Usually the professionals/institutions trade
at the close and with the market unable to
hold earlier gains and selling off at the
close my take is that there is still institutional
distribution taking place. I am looking for a
day where there is a high volume selloff with
an intraday reversal (and a high VIX of 30 and
over) as a signal to go long. So the market needs
to open down, sell-off further on high volume,
then reverse intraday. At that point I put a lot
of cash to work.

Peter.
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