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Strategies & Market Trends : Classic TA Workplace

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To: Paul Shread who wrote (49184)	8/6/2002 9:26:30 AM
From: AllansAlias	Read Replies (2) of 209892

I hear ya, but I feel good about my strategy here. I lightened up on Friday, fearing a Dow ramp and a premium-eating move elsewhere. Yesterday I was early: I was wrong. Late yesterday we had a raft of folks giving up in tech, the glamour trash crowd and the latest round of bottom callers. Now we'll swing the other way for a bit I guess, just when they are looking down. Further down in the next few days becomes questionable for the Voodoo Box if the Dow ramps over 8345. I expect this bounce to run thru tomorrow. Ran the Box over the semi's again last night and it spit out a slightly revised target of SOX 223-235. Yikes. -g/ng

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