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To: AllansAlias who wrote (27619)10/12/2000 4:31:44 PM
From: Roads End  Respond to of 436258
 
dak



To: AllansAlias who wrote (27619)10/12/2000 4:32:08 PM
From: XBrit  Respond to of 436258
 
LLCF = DAK



To: AllansAlias who wrote (27619)10/12/2000 4:37:37 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
DAK. and yes, while THE SPX trend line got taken out today, there's yet another WS strategist on TV saying this is the bottom....and we should therefore buy. he can only mean us, since the bulls according to the WS mantra are fully invested anyway.



To: AllansAlias who wrote (27619)10/13/2000 2:23:37 AM
From: Perspective  Read Replies (1) | Respond to of 436258
 
Remember that a one-day violation that is rebuffed the next day is a sign of strength.

Don't count that TL out yet.

However, I'm still thinking that it could lose another 20% in the next week, ie I do think the line is toast. Could be LLCF, or it could just be several orderly 4% days, like Nikkei. Since I short instead of using poots, I'd prefer the 4% daily slides - they allow you to maximize return.

BC


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