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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (8456)	5/31/2000 10:11:00 AM
From: John Harton	Read Replies (2) \| Respond to of 11051

DJ I admit that I sometimes find your posts to be as you put "cryptic" but then oddly enough at 1 am after a glass or two of wine it all becomes clear to me <g>. Sort of "how could I be so blind?".(^_^) Sold the remainder of my QQQ calls this morning. Probably should have done so yesterday. Also lightened up on some more tech. Ran through the NDX, OEX, INDU charts last night and sure the dailys are happily bullish(esp. the NDX) but the weeklys sooo much less enthusiastic. Volume lite on DIA, and SPY but above avg on QQQ. Just seems like no teeth in this rally. The amateurs happily splashing around in the pool but the big money pros not even dipping their toes in yet. To me the key thing to watch is the VIX. (closed at 26.5) Scenario 1 (more likely) Vix opens up and closes futher up would expect market down rest of week. If it breaks 30.5 lookout below! Scenario 2 (less likely) another black candle with a lower close (hardly room to go lower) and we rally to weeks end. BWDIK JMHO etc. If consumer confidence is so high why is retail so weak? Considering more QQQ puts(further out) but will be chasing the little white ball today.(^_^) Regards John