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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (32796)	9/7/2000 8:14:36 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

GZ....LOL i was writting a piece the other day to a group of friends saying things look "TOO GOOD".... that we were overbought big time... and here i wrote the other day how bullish i was... not today pal....talk about quick and the dead... i week ago i felt the SOX index was in a ballistic high pole formation..man this thing plunged off that area, with the INTC & MU downgrade...blew right thru my 1080 target...and it's going lower.. we are near some support here for a short rally, that should be "shorted"<G>... GZ this is "Hit and Run" trading at it's best... these markets wipe the smile off us bulls faces fast.....FAST!!!! i am now mildley bearish short term... my best to you and yours...hold nothing over night..just your wifey<G> OJ

To: GROUND ZERO™ who wrote (32796)	9/7/2000 10:16:40 AM
From: Peace	Read Replies (1) \| Respond to of 50167

Hi GZ, Did you short yet ? NDX 3750 is a very important area. Fib retrace level, but more importantly the falling trendline from March and July highs that we shot thru a while ago. It is common for an index to test a level like this given that we never looked back after the first close above that line. So, there is still a possibility of a closer test of this level but nevertheless this is just a pullback in an upward market. May be we put in the low yesterday and that line is history <g>, we will know soon enough. Peace