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Strategies & Market Trends : Waiting for the big Kahuna

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To: jef saunders who wrote (35303)1/7/1999 2:14:00 AM
From: Bull RidaH  Read Replies (3) of 94695
 
Jef,

I don't like Dell beyond 79.3 due to a very large pattern (megaphone)that targeted that for resistance. In fact, I planned to time the market based on when Dell achieved that area, so watch out! The market has a similar target now at 1274 on the SPX. I'll be liquidating some profitable longs in that area tomorrow, and may take on some cheap puts for a short term pop. But in the coming weeks and months, my reads say this market is going significantly higher!!

Still in AMZN? Dude, you're cooking!!

Check out SUPG, and check recent news. Looks like they've got a blockbuster drug coming soon, and the chart pattern is pointing to 15 in the near future. SUPGW (3.75) will double when that number is achieved.

Message 7130010

Good luck,

David
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