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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (14229)4/2/2001 11:51:22 AM
From: Rambi  Read Replies (1) | Respond to of 37746
 
Since the DOW went right through the 9970 resistance, does this change your confidence in the eventual outcome? Reading the threads, there sounds as if a lot of positive sentiment is rising.



To: velociraptor_ who wrote (14229)4/2/2001 11:55:21 AM
From: bobkansas  Respond to of 37746
 
Hi velociraptor, I greatly appreciate your insights here and on your website. Could you share what index puts you are interested in?



To: velociraptor_ who wrote (14229)4/2/2001 11:57:16 AM
From: JRI  Respond to of 37746
 
Just shorted more spoos...I'm in deep now......

sure the manufacturing report was better than expected....but bank, amex are beginning the process of bad results.....and just think, the American consumer hasn't even started the savings process...things are being kept floating by even more consumer debt....that simply can't go on too much further..the next leg down is when consumption gets pounded with the American consumer pulling 5% or more of their consumption into savings (or paying down debt, whatever case may be)...

Strong manufacturing report a killer for Naz....lessens the chance of a lot of Fed lowers (or smaller)...less Fed lowerings....less go-go money in tech....not so much a function of earnings, rather speculation (less money in system, less speculation in tech)....Naz looks really weak now...not able to get positive on a day that Dow is up 90



To: velociraptor_ who wrote (14229)4/2/2001 2:20:37 PM
From: JRI  Respond to of 37746
 
Velo...what's your next bounce point on the COMPX chart?TIA EOM



To: velociraptor_ who wrote (14229)4/2/2001 2:41:18 PM
From: herry iball  Read Replies (1) | Respond to of 37746
 
Velo...thanks for the heads up on the BKX...my puts are looking very nice now. Expect a continuation of the downtrend for a bit.