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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rene Madsen who wrote (21832)3/7/2000 12:34:00 PM
From: Rande Is  Read Replies (2) | Respond to of 57584
 
Rene, as soon as the trend reversed on SVNX, I dumped my swing position. . . then when it did not recover I dumped my position trade. . .this is standard procedure in my "Hybrid Trading" Method. Until we see a clear sign of SVNX putting in a bottom, it could go lower. . . unless wireless get their mania back. . .which I don't expect any time soon. . . so I am just sitting back with my truckload of optical stocks. . . watching the markets for a sign that the rally is over until next season. . .but so far, I haven't seen enough to lead me to sellout. . . meanwhile, the value stocks are beginning to look pretty good.

I really believe that we will see another big tech run. . .but it will be much like the last week of December, where everything is allowed to put in new highs, for the purpose of MMs, etc. getting highest possible short positions. . .for the summer blahs.

If we DON'T see another tech spike soon, I'll be surprised. The coming correction will be quite different than last year, IMO, as some techs will continue to roll into next months earnings.. . .and even through the summer. . .

What are the "The 3 R's of Wall Street"?

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Rande Is