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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (2481)	3/9/2001 9:36:16 PM
From: JRI	Read Replies (2) \| Respond to of 52237

Paul, I still have to do a weekend review, but I am considering selling some puts early in the week for a short-term trade.....Right now, am expecting some continued weakness on Monday...maybe into Tuesday, and then some sort of decent turn.... I am thinking that a break of COMPX 2000 will break some necessary fear to launch something....if the fear doesnt come in (Tic.o/put-call, etc..) I won't go near it... The weeklies have got to look horrible, yet this is 6 weeks in a row (down weeks in Naz)...we matched that in Sept-Oct, and then got a bounce....I figure a nicely down open on Monday will give the needed to cushion to try this... I am keeping shorts on over weekend....Tried it last weekend, got burned, and it took most of this week to get it right side up, and the last 2 days were good. You know I love alteration. So, it is telling me we will have a lousy Naz opening on Monday vs. the pretty good one last Monday....(last Friday, like today, was a lousy, "what the hell is going to happen Monday" Friday...) I look forward to your continued comments...Those hi/lo, Soxx divergences that Don has been pointing out remain intriguing, but the lack of buyers this week was in full evidence.....Fear is the only catalyst I can see to get some motion into this thing....of course, some of the options gys will want to run this thing (once it gets going)...and then as we get closer to Fed meeting....there should be a little pull there (but not necessarily....I remember back in December...market pretty lame before that meeting).. I remember that well....I bought in anticipation of the rate cut that never came (but should've)....AG looked like a real dolt coming back 2 weeks later and cutting...