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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (18934)	8/6/1999 2:21:00 PM
From: AlienTech	Read Replies (3) \| Respond to of 43080

>>watch for support @ $spx 1252... << are you nuts? its @ 1297 now! 1328 was resistance since it was previous support. But if we drop to 1252 all longs will be dead.. good buying op for those still trashing around but not quite dead. well I am off to bed.. >> I am taking a day off.... from trading... I have been watching the market would ideally like that spike to 1292 resolve, we would like a test of 1300 area and than a move upto 1328 1338 area... in next few sessions.. Yahoo looks good to me.. id DOT keeps above 515 and closes around 526 we will see a test of 550.. below 2225 I will like to buy some Aug 1280 long puts... I think SOX looks phemnomenol.. a break of BKX is I am most concerned and if 798 is out I will like to think that market rally fizzles.. I m just relaxing after a very tiring but a rewarding day.. I will reply my post on Sat.. regards.. Ike