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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RocketMan who wrote (45746)	4/12/2000 2:39:00 PM
From: TheKelster	Read Replies (1) \| Respond to of 99985

"Hope you at least hedged your Msft, they are piling on Softie." Looking at the weekly, there should be decent support for MSFT at 60ish. :-)

To: RocketMan who wrote (45746)	4/13/2000 12:24:00 AM
From: Tunica Albuginea	Respond to of 99985

Rocketman,I am back to the PC. Another rout today. Unable to read all MDD posts. I have been in and out of 100% cash in last 3 months. Trying to buy low sell hi. 1-3 day hold periods since I wasn't sure where market would go. I got out of softie 2 days later with slight loss made up by pmcs jdsu gains.I'like to get a 2nd chance to play softie's fall if it hits 75. No puts. Just intraday buy sells. Our retirement account is handled by wife who's been in reinvested hi yield bonds since day one. I just couldn't watch the paint dry but she's done well. I don't know about tomorrow and Fri. However, even assuming the worst case scenario ( consecutive day drops to get all weak hands off the deck ), by Mon the Naz will be so oversold that we may get the biggest day rally in Naz's history. I feel comfortable with network switchmakers. Biz is busting at the seams even as the web explodes. They will all turn on a dime next week. I think we get one more dance. I believe however that this summer-fall we may get the ultimate +/-40%, 50%? market correction. I know you will do well with your picks, TA@speculating.com Message #45746 from RocketMan at Apr 12 2000 2:31PM I think this market will either go up or go down, how is that for a definitive position? <g> Actually, since we are teetering either way, what I have done is to hedge all of my long tech positions with puts, so I still have upside potential with limited downside risk. That is in my trading account. In my core retirement account, I have gone into cash 60% and the rest split into some mid-cap blend funds and some (ugh) value funds. Last few days value has been kicking butt, and will soon be in a bubble. Maybe we can get some value mo :-) Hope you at least hedged your Msft, they are piling on Softie.