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

To: moufassa7 who wrote (53285)	7/12/2001 10:08:40 AM
From: moufassa7	Read Replies (1) \| Respond to of 57584

A couple of days ago I mentioned an upside target of 2080 for the NAZ. That would fill a gap from 7/5. 2050 seemed like a logical place to start a short.

To: moufassa7 who wrote (53285)	7/12/2001 10:28:22 AM
From: baddtiming	Read Replies (1) \| Respond to of 57584

Careful, maybe a few more legs up today.

To: moufassa7 who wrote (53285)	7/12/2001 11:33:59 AM
From: moufassa7	Respond to of 57584

Covered Q's for a small ka ching. All cash again, but more than I had last night. <g> Off to the golf course, isn't life grand?

To: moufassa7 who wrote (53285)	7/16/2001 6:43:43 PM
From: Rande Is	Respond to of 57584

Moufassa, smart move. This has played out precisely as we discussed last week. Message 16070381 [It's all there] ". . .today's [July 13] high will be the high of the next week" [That was an easy one] And remember this, "from July 10 through July 13. . . but not longer. Still a 4 day rally off a sharp dump is worth a double on some stocks. . . so those days look to be fun" [Rally was actually from July 11 to July 13th. . .but for calling it a week ahead of time, I'd say that was close enough]. . .nice little tent meetin' pop. . ."another short-cover panic like the one we had last Friday" . . . thanks to MSFT. We had our textbook Burst day. . .which gave us our little journalist named, "Summer Rally", complete with the famous CNBC hype machine in full bore. Then "unexpectedly", the market started pulling back sharply by late morning of July 16th [today] as I've been predicting to the day for nearly a month . . . not Tuesday or Wednesday as the analysts were all predicting. And yes, Frederick. . . when EVERYONE is looking at TA, it is considerably less reliable. SA or Subjective Analysis is where I prefer to be during times like these. . .looking at Volatility and considering the many factors that are moving the markets. . . . [we need a greed factor indicator] And from here on through until well after Labor Day. . .even October [depending on weather]. . . we will be in a trading range with a downward bias [as most trading ranges have]. I'd say 1900 to 2100 give or take 50 points. . with VIX hanging out in low 20's. . .for the next 2 months or so. Again there is strong historical precedent for this. Best wishes all. . . [not around much this week]. Rande Is