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To: Riskmgmt who wrote (24691)6/29/2000 10:41:00 AM
From: Chris  Read Replies (1) | Respond to of 42787
 
using the ndx (which i prefer and much clearer than naz comp), lowest level for support would be 3600.

couple things to keep in mind
1) no summer rally
2) we are declining on no news
3) dont be stuck in positions when october come around.

thus, i prefer to grab my profits and cut small losses than holding and be stuck. if you're portfolio is up 45+%, and the market is down 5%, i would be happy with the gains and enjoy the rest of the year in cash.

oh, i am thinking about shorting qqq once we get breakdown.



To: Riskmgmt who wrote (24691)6/29/2000 10:42:00 AM
From: Chris  Respond to of 42787
 
more importantly, look at spx. broke that base if we close like this.

of course on cnbc -- NO FEAR. be contrarian!