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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (28340)	9/20/2000 1:26:11 PM
From: shasta23	Read Replies (1) \| Respond to of 67879

HI DOC! 1433..soso...always wonder how they come up with these exact numbers? Well, like the said it's the uptrendline on the SPX and we are also at some sort of support on the DOW and the NAZ. On the SPX it's also close to the 200SMA which is 1440 and you often see a spike under that MA before a turn. I'm itching to buy for a bounce but the selling pressure is so great that i will wait a little bit to see if we test the lows again. Right now 100% cash after selling my IFMX in afterhours for a 15% loss. Small position and i was happy that i didn't follow my own plan of doubling up when the stock pulled back to 5. Looking for small positions in CMTN(yes again, but it's holding up ok) and GLW which was a good trading stock the last week and SNDK which never broke under support at 76... but then again i might want to sleep well tonite and might just stand aside. I always underestimate the power of emotions to the upside(greed) and downside(fear)... Take care! Stefan