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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (11104)2/14/2001 9:18:47 AM
From: vampire  Read Replies (1) | Respond to of 30051
 
perhaps a silly question but i know you ...errr...you're "turnips" have an "eventual" low on the DOW of 6000 and NASDAQ at 1900. Isn't that almost impossible given the increased weighting of tech on the DOW? The DOW would have to be cut in half from here which would be difficult without a lot of help from INTC, CSCO, IBM, etc - no?



To: Zeev Hed who wrote (11104)2/14/2001 9:45:17 AM
From: Pink Minion  Read Replies (1) | Respond to of 30051
 
It looks like BRCD is now at the bottom of its channel.

Using tight stop.



To: Zeev Hed who wrote (11104)2/14/2001 4:28:55 PM
From: mishedlo  Respond to of 30051
 
Zeev I am almost always a month or so out on options. If I play short term it is in small amounts (having learned too many lessons here).

I unloaded a very bigh chunk of options this morning for big gains, but reloaded too quick (fortunately not a full position).

Missed the bottom this moring to get out, but I preserved profits on most of my positions.

What I bought back later was at a discount.
Will add on bounces.
What I was selling was mostly Mar, what I will be adding where reasonable and if avail will be Apr.

All giving the turnips plenty of time to do their magic.

Thanks!

M