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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (29420)9/11/2000 6:50:26 AM
From: donald sew  Read Replies (1) | Respond to of 42787
 
GZ,

>>>>> I also think that any weakness on Monday is a buying opportunity in the U.S. equities, I took long SP positions on Friday's close but my stop is not far from here... I think the crude oil and related energy markets may have over done the selling on Friday.... <<<<<

All is going well. Besides the mutual fund trades I have a QQQ OCT PUT play which finally just went slightly in the money, and will be looking to close it sometime today since I am also looking for some sort of a rally this week that could start as early as today. I do feel that is forthcoming short-term rally is tradeable to the upside as long as one is nimble. I may be wrong, but Im not expecting a strong rally this week mainly in light of the BEARISH WEDGES being resolved to the downside, regardless I am carefully watching the strenght of this specific short-term rally as a hint for future direction. If it is weak, selling could intensify next week, but if it is strong and new highs are formed then this market could take off to much higher levels.