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Strategies & Market Trends : Guidance and Visibility

AAPL 259.35

+0.1%

Jan 9 9:30 AM EST

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To: Jorj X Mckie who wrote (62836)	7/27/2002 2:58:31 PM
From: SusieQ1065	Read Replies (2) of 208838

Are you bullish yet? well, first let me say, that you gave a very good lesson in "RSI" the other night in your charts... this is an indicator that i wasn't really familiar with.. but if we use your premise that you might be bullish on a particular index/stock if the RSI was significantly under "30"... then i suppose we might make a case for a Short Term bottom in the DOW....because the DOW RSI on Tuesday morning fell to 18. that's all well and good...but i wonder if the bulk of that move has already been made and now we need to retest it... as far as the Tech picture goes...Zeev mentioned a scenario that seems possible to me... maybe a SOX shakeout below 300, to really scare everybody to death...then maybe that might setup a rally.. and to tell you the truth, Jorj...the thing i feel most comfortable with at this point...is to just not make too many plans right now... i kind of like the idea of taking it one day at a time..and just trying to make my money off intraday opportunities.

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