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

To: moufassa7 who wrote (49982)	3/30/2001 2:27:19 PM
From: HandsOn	Respond to of 57584

It looks good if Dow can hold over 9850 Today.

To: moufassa7 who wrote (49982)	3/30/2001 2:39:45 PM
From: moufassa7	Read Replies (3) \| Respond to of 57584

If I read the technicals correctly, the DOW should close much higher than that. 10K is possible.IMO. This market should really go now, use trailing stops to protect profits if I'm wrong.

To: moufassa7 who wrote (49982)	3/31/2001 8:49:53 AM
From: moufassa7	Read Replies (4) \| Respond to of 57584

I thought the NAZ would be stronger on Friday. Most of gain was in the last 45 minutes. I was hoping for a close nearer to 1900. That is why I sold most longs near the close, only 15% long going into Monday. The weak response to the positive relative strength divergence we got on Thursday's close is not a good sign for the longs. Another factor is the head & shoulders formation that I mentioned last week. That formation completed itself when we double bottomed at 1794 Friday. The weak follow through makes it possible for a breakdown Monday or more likely Tuesday. A break of 1794 could lead to a 1600 target or maybe another positive R/S divergence. Another negative is the descending top formation on the SOX that started 1/31. A break of 500 would invalidate a big double bottom formation which would be very negative for that index and techs in general. It appears next week will be a real war between bulls and bears. Me, just a trader hoping to play on both sides without getting speared or mauled while extracting a pound of flesh from each.