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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: Cush who wrote (353)1/22/2001 6:47:41 PM
From: Shack  Read Replies (1) | Respond to of 5144
 
Hey Cush. I know how you love my contrarian point of view on your bullish thread <vbg>

The tech rally is at the very least due for a breather if not completely over. We'll see the way this pullback unfolds. I may buy the first dip if the pullback looks to be fairly shallow. It really just seemed to be just a sector rotation (albeit a very impressive one)as nothing else has rallied substantially. Judging form the Nasdaq futures, we are heading down tomorrow too (that can quickly change of course)

I bought some puts on CLS today. Massively overbought and near a resistance level. Should give some of this 50% gain its had.

stockcharts.com[W,A]DACLYIMY[DC][PB20!B50!B200][VC60][IUC20!LA12,26,9!LF!LH9,3]

You may wanna keep an eye on gold stocks. The whole index is looking very much like its going to break hard to the upside. (I'm in FN and TVX). The metal has been looking perky too and may break out just like Silver

Here's the AMEX Goldbug index. It had a massive day today.

stockcharts.com[W,A]DACLYIMY[DC][PB20!B50!B200][VC60][IUC20!LA12,26,9!LF!LH9,3]

I hope you have some luck with those Action Direct phucks!

Cheers, Shack