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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: Trading Machine who wrote (9337)3/23/2001 11:00:49 PM
From: Gersh Avery  Read Replies (1) | Respond to of 11051
 
I would expect that the new converts to the church of the short will lose their faith pretty fast and become bulls again.

That could carry us up very nicely .. mid tine of the badfinger is currently ~1174 .. upper tine 1269.

So then .. I figure I'll put in a sell order the day that the index hits the mid tine. Then a buy on the first close over it. Then close out if and when it hits the upper tine.

Hmmmm .. mid tine is only ~+30 points or so .. that could hit on Monday at this rate.

If it moves up hard over the mid tine I may just hold to the upper.

Play account over the last four days .. 20k to over 280k
homestead.com



To: Trading Machine who wrote (9337)3/25/2001 1:05:40 AM
From: Berney  Read Replies (1) | Respond to of 11051
 
TM, It seemed like such a simple question.

However, after looking at OEX, I see your problem. Your Q-charts got to look like a spider web.

Agree totally with 591. Frankly, if we make it above that number on this move, I'd be surprised. I think that the ~600 area is also going to be a prize. Above there, that 623 number looks real tough.

If you notice, you are getting whip-sawed. The 30-min says we are about done.

It was a brutal drive to VA. Not as brutal as an accident north of Orlando, on the other side of I-4, that took a couple of hours to get past. I'd say at gawking at the cars and significant number of emergency vehicles that some crosses will be born. Tends to put this trading stuff in perspective.

TB