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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Magnatizer who wrote (5459)	4/12/2001 11:40:30 AM
From: Magnatizer	Read Replies (2) \| Respond to of 52237

Postion update: Still in 1/4 bucket SPX calls Added a 1/4 bucket of very short term Dow puts. This is a move to offset the SPX calls as I feel we are due to for a 2-4 day pullback. Dow target is moving: Trendline with anchors of 3/09/01 to 4/06/01 highs. Best guess for timeframe to hit target is next Tuesday. If dow levitates into next Wednesday close I will take short position off table assuming there is value left in the puts. Previously noted overhead on SPX (in post I am replying to) of 1183-1198 has held resistance at the very bottom of it. If SPX can somehow hold 1155 through Wednesday I will get very long for an anticipated rally into Mid May. Also short AOL (1/4 bucket) with stop of close over 4/10/01 high. ht Mag