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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Joe Stocks who wrote (385)	2/28/2002 8:22:52 PM
From: Robert New	Read Replies (1) of 787

Went short KLAC today at 59.50 with a stop at 62.50 (breakout level). NVLS upped guidance from a loss of .10 to .09 (time for major concern....NOT) so I may get an opportunity to add tomorrow. The SOXX looks like its ripe for a breach of the 500 level soon and I plan on participating in that. Still holding MXIM, QLGC over the past couple of weeks. Key support levels are at 500 SOX...1696 Comp...1074 SP 500 so will be watching these closely. Have the current downtrend channel for the Nasdaq at 1660 and 1795 respectively.

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