Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Condor who wrote (50035)	4/3/2001 9:13:29 AM
From: moufassa7	Read Replies (2) \| Respond to of 57584

I don't think the NAZ will get much of a bounce today. I suspect after a lower opening, it will drift lower most of the day and close near it's low. When it broke 1794 yesterday, it broke a head & shoulder formation to the down side. The range from high to low was about 180 points, so the potential down side target is around 1610. It may get to that target by week's end. I went all cash at the open yesterday and only made a short QQQ trade [covered way to soon]. I'll stay away from longs until I see oversold readings, which should occur after a nasty sell off. In the meantime I'll try to short any bounces that may happen. all this is IMO and subject to change at any moment.