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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (30068)	7/19/2000 10:32:18 AM
From: maverick61	Respond to of 57584

Rande, I agree, and have taken profits earlier this week. However, I am starting to see some interesting turnarounds in some of the highflyers. Looks like some of that money is trying to find a home. Look at the intraday swings on RBAK, BRCM, INKT, NTAP, ARBA for example. Not saying to buy in to any of these - just that the intraday rebounds are interesting. My guess is it is just traders finding some short term places to put profits to work

To: Rande Is who wrote (30068)	7/19/2000 12:54:37 PM
From: Joe Smith	Read Replies (1) \| Respond to of 57584

I have taken my toys and gone home. Thanks thread again. I don't think that I have ever gotten in and out this clean before. For you fans of Fibonacci, a 3/8 retracement would put us at 3800, very likely IMHO. A 5/8 retracement would drop us to 3500, quite possible IMHO.

To: Rande Is who wrote (30068)	7/19/2000 1:49:26 PM
From: DlphcOracl	Respond to of 57584

I agree fully with Rande post #30068. As I posted earlier this AM, I think NASDAQ has peaked and will eventually retrace down to 3500-3600 level. I am 100% cash in my trading account and will spend the next 6 weeks tracking my favorites as they sink, picking off selected stocks at attractive levels for accumulation prior to NASDAQ recovery in September or October. The temptation to trade should be balanced against the negative NASDAQ bias over the next 6 weeks. Caveat emptor.

To: Rande Is who wrote (30068)	7/19/2000 2:34:59 PM
From: Mark Konrad	Read Replies (2) \| Respond to of 57584

Hi, Everyone! Very busy morning; having learned many hard lessons I've also been selling into strength while carefully adding some new positions. I've used my previous chart RBOPs (resistance/breakout points) from post #29840 as entry and exit guidelines, sometimes placing those numbers as actual buy or sell stops for position trades. The forced discipline has helped me increase profits and limit losses. Hey, whatever works.... JNIC, METHA, LU, NXTL, WRLS, AETH, WFII are still doing well (though I've place sell stops behind them, too). Lightened up on or exited most others (ELON, PUMA, NT, ADAP, COVD, CS, EGAN, ISLD, etc). This has been an outstanding run...a pause was to be expected as Rande and others have noted repeatedly. I've been betting on an "early" summer rally; June and most of July have been great if not incredible. And if the overall market is pausing, so be it; there are always pockets of opportunity. A special "thank you" to Rande for continually emphasizing a non-emotional approach to trading and investing. Back to the recording studio now for a different kind of work--Mark--