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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: bcrafty who wrote (19967)1/10/2001 1:20:44 PM
From: bob3nc  Respond to of 100058
 
12:54PM Cisco Systems (CSCO) 34 5/8 -2 1/2 (-6.7%): -- Update -- The comment that investors/traders said to be reacting to is CEO Chambers disclosure that the qtr was more challenging than anticipated. Juniper (JNPR 115 -5/8 -1 9/16) shares continue to trade down in sympathy



To: bcrafty who wrote (19967)1/10/2001 1:37:20 PM
From: heehee1  Respond to of 100058
 
bcrafty... I wasn't suckered in but certainly got whipsawed. Shorted yesterday and this morn, figured we'd be in puking mode and went back to sleep. Woke up to see all my stops executed with a bunch of losses. Then it decided to return all the gains. Now going both ways trying to recover my losses.... Frustrating.



To: bcrafty who wrote (19967)1/10/2001 1:51:34 PM
From: the-phoenix  Respond to of 100058
 
bcrafty: >>Well, I sure got suckered today. Anybody else?<<

When even FLACK throws up his hands and walks away, you know this is a dangerous market to trade. I still have no idea which way we are going today???

I covered 1/2 my JNPR short at about 1:10 - 1:15 and got stopped out of the rest about 10 minutes ago.

>>I'm still trying to figure out what happened. Anybody have any idea? <<

This technician's view is that we hit a key .618 fib retracement in the hourlies (2513) and pretty much rolled over from there (2522). This was the next resistance area that I mentioned in my post to you this morning.

Be careful out there,

Phoenix



To: bcrafty who wrote (19967)1/10/2001 1:58:06 PM
From: FLACK  Respond to of 100058
 
bcrafty, I've only managed two shorts around 12:40
for small gains.
Couldn't go long earlier despite nas climb.
Reason?
Well, look what they did at the least hint of
bad news. A market this unstable is not one where I want
to be long. I'm thinking I'm through for the day...
not every day is a good trading day for me... and so far, this
day appears too fragile - both ways.