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


To: AlienTech who wrote (18935)8/6/1999 2:24:00 PM
From: Jeff Jordan  Respond to of 43080
 
maybe...I revised post a little... we do appear to be bouncing some here... $TYX up to 61.42 I guess I should have said...next stop 1268...then 1252...that's about DOW 10K? It may take a few weeks?

What? too bearish?



To: AlienTech who wrote (18935)8/6/1999 2:26:00 PM
From: Redhook  Read Replies (1) | Respond to of 43080
 
Get up!!....great price on ADBL now at 7 5/16...I'm in for more...I think the market is gonna rally now....



To: AlienTech who wrote (18935)8/6/1999 3:11:00 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 43080
 
Well...I don't think it's so wild...

internets failed to hold their gains...
yes Nasdaq has had a good correction...but the DOW has not..I don't see where another 500pts is a big deal....Ike will tell you about holding levels for 2 consecutive days...yes, I agree many things are factored in at these levels...I just feel we have a little ways yet to go for the true bottom....I really am a bull! maybe somewhat skeptical? There are still over valuations left in this market...

of course, these are just my opinions...I've been totally wrong or close before...I'm always over cautious! But it's only been a few days since we hit 1328...2 closes in a row BTW! How strange is that?

Jeff