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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (4800)	11/21/2000 12:27:37 PM
From: Jerry Olson	Respond to of 8925

TODAY IN THE ROOM, WE SAT ON OUR HANDS FOR THE FIRST 3-4 5MIN BARS.... HERE WAS THE MORNING LIST.... IBM---ADBE--PDLI---ABGX---ELNT---CHKP--- SUNE--NTAP---AFFX---PMCS... AFTER THE RALLY UP WE TOOK SOME SHORTS THEY WERE SWEET..,THEN WE THEN WENT LONG ARBA FOR A SCALP FROM 70, SOLD IT AT 72... AND EVERYONE WAS EITHER LONG OTHER TRIGGERS LIKE SEBL--MANU--RIMM--WE TRIED TO SHORT ADBE AT 74..IT SAT THERE WHILE THE FUTURES TANKED...DIVERGENCE..SO WE EXITIED THE TRADE, AND OTHERS WENT LONG AS THE MARKET RALLIED BACK UP... IN THIS WHIPSAW MARKET, YOU CAN BE LONG AND SHORT THE SAME DAMN STOCK IN THE SAME 1-2 HOURS??? AMAZING VOLITILE MARKETS...FABULOUS TRADING VEHICLE.. SO I FIGURED WE GET A DEAD CAT BOUNCE ON THE BIO TECHS...AND WE DID... ALL IN ALL WE ARE LOOKING GREAT THIS AM..BOOKED SOLID GAINS AND NOW EATING LUNCH... LIFE IS GOOD IN DA ROOM<G> LATER JUICE