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

To: Jerry Olson who wrote (33214)	9/18/2000 7:00:40 PM
From: GROUND ZERO™	Read Replies (3) \| Respond to of 50167

Hi OJ, I know this is no consolation, but I stepped up to the plate with a long NAZ position today... and now the only thing I can see on that plate is my head...<g> just kidding...<g> I'll give the NAZ a chance to rally tomorrow... certainly, the oil groups are now effecting the stock markets... I'm loaded to the hilt with Crude Oil and Natural Gas positions through and including the January contracts... thank goodness I got lucky there.....<g> now all I need is a little luck here... c'mon... let's get this NAZ rockin' already..... (gulp) GZ

To: Jerry Olson who wrote (33214)	9/19/2000 11:50:10 AM
From: James Strauss	Read Replies (2) \| Respond to of 50167

OJ: Another excellent analysis... : > I agree... There are many variables... That's what makes it interesting... Hard landing, Soft landing... How would these affect earnings, interest rates, etc... Are these things already priced into the market? I think so... So, what do I do? I look at the charts to see how the money is voting... I see a 3811 NDX trendline resistance... This is the trendline that connects the May/July lows... So, a close above it would answer all those other questions... bigcharts.com Currently the NDX is up nearly 100 points but I won't get excited until that 3811 area is breached on a closing basis... Because a failure there takes us down towards the 3490 area... Why focus on the NDX... Because that's where the New Economy leaders are... I don't think we can have any meaningful rally without the NDX... So, for now, NDX 3811 is the number I'm watching... Fuel Cells have been nice... : > Jim