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To: Lucretius who wrote (59260)1/18/2001 1:12:34 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
re: the meltup alert

LLTC -- mania still rocking for that thing. Nice breakout happening.

SUNW is doing a breakout that has no business succeeding if the NASDAQ is going to experience any decent down in the days to come.



To: Lucretius who wrote (59260)1/18/2001 1:36:15 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
yes. obviously i was wrong about today...can't catch them all. if today's rally holds, we'll have to reconsider the Mon high too. especially in view of the Rydex ratio having reached 0,11 yesterday...could be that the ST high comes earlier, and likewise that the downside is perhaps limited. but that's not a problem really. a good compromise would be to enter a few puts tomorrow if we see the sentiment data deteriorate further, and add once a reversal is confirmed by Tuesday at the latest. then sell on the cycle low on Jan. 29, regardless of whether the drop was steep or not. then stand aside again.
the worst that can happen is an inversion that destroys the position taken tomorrow.

btw, silver prices exploding AGAIN. pretty hefty rally over the past few days. this one has clearly bottomed:

finance.yahoo.com