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

To: Rande Is who wrote (34225)9/8/2000 3:37:52 PM
From: Kevin Shea  Respond to of 57584
 
NAZ another test of 3990 or so -- that's 2 today... IF we continued the downward trend in a "normal" fashion we should have seen a 50 point drop here.. once again I believe that we are at a ST bottom ---the resistance here is a 50% fib retrace... addition pressure would bring it to just under 3940.... believing that this is the "first" bounce of a new move( it also looks a lot like a breakout retest...

Can't believe how this is tracking the fractal found earlier! fractal suggests that we break 4198 in the next 5-7 days IF I really stretch this thing I would suggest that the next 3 days will be strong.



To: Rande Is who wrote (34225)9/8/2000 4:14:08 PM
From: If only I'd held  Read Replies (1) | Respond to of 57584
 
Why on earth would you cover CIEN? Those bozo's just lost 1/2 their profits from the last year. When that P/E is around 100, it will be a good cover. That's a 90% drop from here.

That's just my opinion though. I figure it will gap down bad on Monday. Short at 221-1/4



To: Rande Is who wrote (34225)9/8/2000 9:03:00 PM
From: jjeannie  Respond to of 57584
 
Hi Rande,

Are you long or short on AMCC?

Thanks,
Jeannie


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