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To: Jan Crawley who wrote (25292)1/25/2000 1:15:00 AM
From: Peter Church  Respond to of 27307
 
>>>Five of the last seven weeks, the low
day for the week (for the Dow) was Wednesday. The other two weeks, it was on Monday.>>>

Maybe something to watch, but I wouldn't put to much faith in it. There is too much noise in the market now to follow any system for long. I'm just watching the direction of the big yhoo trades, the dow 30 and the nasdaq 100 to get a clue. I do see a big head and shoulders pattern in the yhoo chart for the past 15 days though.

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To: Jan Crawley who wrote (25292)1/26/2000 10:18:00 AM
From: Peter Church  Read Replies (1) | Respond to of 27307
 
Yesterday wasn't as fun for a put holder. I got overanxious and tried to ride the ripples. Got stopped out twice and ended up down 50% from Monday, still holding some 330 puts. It's hard to know whether it's a reversal or a fake out.

I think I am going to let this rest for a week and see how things play out. I have 3.5 weeks before expiration. I expect more weakness. QCOM's fall is a good indication of more to come.


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