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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (15871)5/16/2001 12:56:46 PM
From: Justa Werkenstiff  Respond to of 30051
 
Zeev: Re: "where is the 10:1 from?"

Don't know. Anyway, here comes the Dow push over 11,000. It was coming. It was a question of when. How would you characterize the Nasdaq rally in sympathy with the move on the Dow today?



To: Zeev Hed who wrote (15871)5/16/2001 1:02:57 PM
From: McNabb Brothers  Read Replies (1) | Respond to of 30051
 
Zeev,

Was hoping for more pull back than what we got so I could roll my puts over which are going to expire this Friday. Since the break thru of the 11,000 I went ahead and sold some puts for June and July now. The gap down this morning and the recovering since is very very bullish IMO!

Hank



To: Zeev Hed who wrote (15871)5/16/2001 1:43:54 PM
From: McNabb Brothers  Read Replies (1) | Respond to of 30051
 
Zeev,

When and at what levels on the DOW and NAZ are you going to put the bull suit on?

I believe even your DOW level has been broken to the upside now. Very very bullish looking right now to me and if the DOW continues up it will pull the NAZ with it, but not to new highs by any means! Beginning to play out like I thought it would!

Hank


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