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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: No Mo Mo who wrote (2806)5/4/2000 12:11:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
No Mo Mo, It is setting up real well... air pockets and no one stepping up.

The blood that was spilled in April NAZ and tech remains and the mo mo now is absent now.

Tomorrow with the employment report could be the straw that breaks the camels back...

Lets see if it gets messy at the close. I am now watching strength in SOX (intraday high SOX 1,105)now and if it fades into the bell.. Now at SOX 1,060 and in the red.. SOX 1,050 must hold.A break of SOX 1,030 will; accelerate broad market selling...

EDIT: SOX reading is getting screwed up on reporting system.

Best Regards, J.T.



To: No Mo Mo who wrote (2806)5/4/2000 1:55:00 PM
From: marginmike  Read Replies (1) | Respond to of 19219
 
I think in this market its best to be as simple as possible. I mave 2000 shares of MOT that I am underwater with. I sold JULY calls and will keep selling calls against it till I get taken out. In the quality names CC are good but I might go further in the money and farther out.