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To: Poet who wrote (8713)12/23/2000 11:55:22 AM
From: Lost to Voodoo  Read Replies (2) | Respond to of 10876
 
Thanks Po, that was a nice Lee post. Incidentally, re: my last post, Fri. was also a pullback (almost exactly) to the NAZ head and shoulders (right side up, starting early Dec.) neckline and to the 50% retracement of the decline since Monday. To me, all of these support the idea of a temporary pullback vs. a turning point or start of a serious rally, so my technical view is pretty much in agreement with Lee's analysis. FWIW I've also been selling off more into the pullback and establishing new short positions, though God knows my actions are no guide. I also switched my two fund positions from cash to bonds.



To: Poet who wrote (8713)12/23/2000 12:54:40 PM
From: hobo  Respond to of 10876
 
you are welcome, actually it was good to read that as i learned a few things myself.

as for what Lee had to say, very interesting and i agree with many of the points he made... at least now i do not feel so bad having kept my short calls on SUNW --however i confess, to be a little worried... on the border of having this particular trade becoming a "hope" trade ---arrghh ! no one wants that. we shall see.

who said trading is easy ? i am sweating bullets now... (g)