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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (48011)7/7/2000 8:03:21 AM
From: Jerry Olson  Read Replies (1) | Respond to of 94695
 
Morning Bill

well my friend not 15,000!!!<VBG>...

if this number is good today, we'll break thru 4000 NAZ easy...DOW looks like dead money...

Carpino has a choppy market with cycle highs at around the 17th-18th time frame..then down from there..

but let's see what happens today...

i looked at the SPX..we held the bottom at 1440, and reversed up nicely..

we have serious resistance at 1465 and then again at 80/85...so the trading range continues????

bonds acting well here too Bill...

it's just been a traders market...range bound for months..and really no change in site...

thats why i daytrade every day and love it...

i used to buy and hold, as in position type trades..no more...

i like the feeling of being in cash at night...and building my account up each and everyday as best i can...

works for me...don't much care about next week..just today...i now watch the TICK-TRIN-& S&P's for daily trading direction..it really helps..

i say----forget next week Bill, just worry about today and put some blinkers on to all the noise out there..trade the charts??? thats what i do now...

good luck...OJ