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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: d. alexander who wrote (26282)	4/20/2000 1:29:00 PM
From: shasta23	Read Replies (2) \| Respond to of 71045

What happened to all that bullish sentiment of the last two days? Market gives back one days gain in two days and the gnawing doubt about this market comes back with full force. It is interesting to observe how we select the news according to our expectations. Which ones do you believe? Is it Schaeffer? Is it Worden? Is it CNBC? So many voices speaking with authority of websites and TV ancors and they contradict each other? Who to listen to? Let's just observe what happens... Reminds me of the old POLICE song "too much information is driving me insane". It's from the album "synchronicity"... got to give it a listen again, if i find it. It's vinyl! What was that again? I forgot! Stefan

To: d. alexander who wrote (26282)	4/20/2000 1:50:00 PM
From: Johnny Canuck	Respond to of 71045

Sticking with the plan, sold trading position on AMCC at 98 1/2 based on break of 3650 on the COMPX and valuation issues discussed last night. Got 7 points. Definitely not worth the level of stress. There is still the possibilty they will close the COMPX flat. The downside is probably being accelerated due to options expiration. It will be a clean slate on Monday and then we can gauge market participant sentiments more accurately then. There are too many people bearish right now and the market always like to surprise by doing the opposite. Note this is only on an intra-day basis. The intermediate term still looks down. Right now I do not expect any re-test to break 3400 this time around. I also do not expect the bounce to be higher either.