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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (3902)8/1/2000 11:27:20 AM
From: Logain Ablar  Respond to of 30051
 
JXM:

ON the biotechs I like IMNX as a long term buy and hold but am looking to buy in @ lower levels.

On the whole NAZ short term I think it hinges on Fridays employment report. Too many jobs created and the fear of a rate increase goes into the market.

I am 75% invested and was thinking we would rally to 3800ish up to mid thursday. I plan on being 75% cash by mid thursday.

I figure if I'm wrong the the #'s are neutral I can invest @ higher levels. Just too much technical damage last week to not retest Friday's lows unless some positive news comes out from somewhere.

Have to go. I'll pull charts and give an opinion tonight but your better at the read than I am.

Tim



To: Jorj X Mckie who wrote (3902)8/1/2000 12:56:26 PM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
JXM, my opinion, stay with them for at least another major spike down in the Naz. What is expiration? and how deep in the money? If August, time premium will start and evaporate rapidly by next week.

Zeev


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