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

To: Rande Is who wrote (50223)	4/8/2001 9:36:08 AM
From: moufassa7	Read Replies (1) \| Respond to of 57584

Thanks, Rande Is. You are a gentleman and a scholar. <eom>

To: Rande Is who wrote (50223)	4/8/2001 12:13:12 PM
From: J. C. Dithers	Read Replies (1) \| Respond to of 57584

...focus your thoughts on what is good and excellent and beautiful and holy. I presume that you mean this is to be found on this thread? There are good things to be found here, but one notable exception seems to be humility.

To: Rande Is who wrote (50223)	4/8/2001 8:48:55 PM
From: honjohn007	Respond to of 57584

OT>Rande Is: Took you up on your post.Quite impressive i'd say.Here are some selective posts from his profile.Good job moufassa7. CSCO is exiting some optical business because of slow growth. Techs are moving higher AH. This is a good sign for longs. If stocks stop going down on "bad news", it indicates an oversold condition necessary for a rally. Remember, bottom rallies are usually fueled by short covering. If the shorts start "buying on the news" [opposite of longs selling on the news] we could could get a nice bounce, maybe more. IMO. 4/4/01 Amazin! The NAZ bottomed yesterday @ 1619, within 10 points of my 1610 potential target. We had a short covering rally in the last 1/2 hour to close at 1638. Futures are indicating a strong gap up this morning. So, what happens now? My best case scenario is a NAZ target of 2280 by Memorial Day. Worst case is shorts sell the opening gap and we head for 1500. Today I suspect they won't sell the gap. I think we'll have a strong day with maybe some selling in the last 30 minutes in front of tomorrow's employment report. There is a good chance that we may a pretty good short covering rally in front of us. Technical patterns suggest the shorts have run out of gas. I think it's time for the longs to have their turn. 2280 by Memorial Day? 4/5/01 What makes you think 1610 & 2280 are rough estimates? They are carefully defined targets. LOL 4/5/01 Seriously now, I use mathematical probabilities based on past market action. The range on the head & shoulders that occurred from 3/22-3/30 was 185 points. 1794-185 = 1609. I'm basing my potential 2280 target on the May-July 2000 rally {last time NAZ was this oversold was 5/24/00]. The NAZ then had a 7 week rally [Memorial Day?] of 40.9%. 1619 + 40.9%=2281. These are just potential targets for a sustained rally. Anything can happen to change things, so take it FWIW. 4/5/01 I've sold my longs into this incredible up move this a.m. While I was only 60% long, I gained nearly 10%. Sitting back and will wait for normal pullback. It is possible for another rally today, I'll not be greedy. All cash now 4/5/01 Mav, tough to teach an old dog new tricks. My trader habits cause me to leave some on the table, but, those sniper instincts have kept me trading all these years. LOL Good luck. 4/5/01 I'm short QQQ on this spike up. I think we're a little ahead of ourselves. I don't think the NAZ will break 1800 without some correction first. IMO 4/5/01 I covered QQQ @ 36.10 +.94 cha ching. All cash now, still waiting for lower prices to get long again. 4/6/01 I'm short QQQ @ 36.41. I don't think the lows for the day are in yet. IMO 4/6/01 Wow, what happened? NAZ spiked to near HOD and did a reversal. I think we'll likely test 1700 today. IMO 4/6/01 NAZ acting a little crazy. Covered QQQ @ 36.30 +.11 4/6/01 Does me no good, all cash now. I'm getting my buy orders for Monday ready. 4/6/01 I think we close near LOD today. Dip under 1700 Monday and find support somewhere above Wednesday's low of 1619. 4/6/01 On Saturday I posted that the upcoming week would be a real war between bulls and bears. What a week, I accomplished my goal of extracting a pound of flesh from both sides while having a terrific week and in cash for the weekend. This way, I can do it all over again next week! I hope. LOL. Have a nice weekend everybody. 4/6/01