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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject	2/19/2003 9:02:05 AM
From: GrillSgt	Read Replies (3) of 10157

Well here we are deep in the middle of opex week and the puts are crying uncle. The cycle is in day 7 today of an apparent up cycle. We have produced buy signals on both a/d and obv to correspond with the up cycle. Now we are ready for mid cycle highs, which appeared to be put in yesterday. There is a chance we could edge a little higher today but unlikely imo. Therefore I will stick with mid cycle highs in yesterday and now we retrace the gains. ES A break of 855 is needed to extened the rally to 859 and 863. I do not see this happening. A break of 848 and 844 down will usher in 840 lows from yesterday which should get tested. A break there and we stumble down to 836 and 831. Choppy trading between 844 and 855 is expected. NQ I am looking for a narrow range down day today to digest the recent gains. 1025 should keep the lid tight with 1008 keeping the bottom secure. A break of 1008 could push us down to 995 and 982 without hurting the recent rally attempt. A break of 1025 up keeps the ball rolling to 1032 and 1042. Choppy trading between 1011 and 1025. Dow 8150 is the big next resistance level. Dow is smeeling that but is too o/b in the short term to exceed. A digestion back down to 7990 area is expected with 7925 being the floor. Trading between 7990 and 8100 is considered choppy today. Well the puts have been slaughtered rather quickly, so lets see if they can turn this back down into expiration as we have hit mid cycle highs. I see semi boys have been upgraded to overweight at MWD sucking in everyone after they have moved 15% in 1.5 days! Nevermind the fact that MU canning 10% of workforce and semi btb came in less than 1. What a friggin laugh those bastards are. Where were they 2 days ago!

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