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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (47371)	7/31/2000 10:12:02 PM
From: The Phoenix	Read Replies (2) \| Respond to of 63513

some serious technical damage was done last week. ? How do you figure? The "damage" was dialed in for ages... everyone said we'd run to the low 4000's and then pull back to 3500. A bounce from 3600 and change seems would not be unheard of. My only point is that the market is about maximizing gains and reducing risk. If I was as far in the money as you are on your puts I'd be cashing here...especially after the strength the market showed today. To many uncertainties. Rebpublican Convention Cisco earnings Pull back to 3650 looked like a shake out - or at least could have been. FOMC - no matter what they do we'll rally. CNBC - overblowing the new issues and their impact. Seems like a good time to watch and stick with a less risky position. Of course I'm not a in a position to watch the market like I used to be so I'm perhaps a little biased. And, of course I'm holding AMZN so who am I to talk. <ggg> OG