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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (48626)	3/8/2001 12:55:07 PM
From: Mark Konrad	Read Replies (1) \| Respond to of 57584

QQQ...agree there is increased potential for retest of 46 and perhaps a new leg down from there. I don't view this as a high probability but recent upmove has stalled. I'm moving my stops up to just under today's low (Kipling, Kipling) but believe downside is too limited to warrant shorting as a position trade. Just bought a small position of MCDT at 19 7/8 with a stop below support area at 19 1/2. JDSU chart looking remarkably similar. These plateaus provide a fairly low-risk opportunity for position traders because the support area is well-defined; a great place to exit and wait for better days if the trade goes south. All imo--MK--