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


To: John Harton who wrote (9349)3/26/2001 4:09:23 PM
From: Trading Machine  Read Replies (2) | Respond to of 11051
 
TRADE: FMAGX > CASH RESERVE 100% (put da fish in da box)

I do much the same thing John, we tend to pick on the sector leaders, but, BUT if OEX is negative the odds say it would be difficult to pick a winner outta dem 100. Not impossible, just difficult.

One thing I have noticed is that when $ DRG is negative, QQQ is positive. So if the NAZ starts to slide a lot tomorrow and the rest of your indicators are ok you may very well find PFE going up.

On OEX it looks as if we came up and hit our head on the 591 line (overshot it a little), but the close looked real strong on the DOW side. Anyway I will/have put the fish in the box for today and will wait for the 60 minute stochastics to be reset, or if we go on up tomorrow I will go back in at the close and see what Wednesday brings. (maybe)

I am hoping Mr. market will reveal itself before tomorrow PM, i.e. if it is going down I would like to see it sink right away, if not make a good move up. ggg I will continue to take defensive positions until we move on up over the weekly downtrend line and it proves to me the bear is in the cave. ggg

CU

Paul K. (good luck on PFE)

HD just got upgraded.