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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Jurgen Trautmann who wrote (10059)	7/25/2001 4:05:22 PM
From: Jurgen Trautmann	Respond to of 11051

Missed again the right exit for CSCO ng... BOT CSCO CISCO SYSTEMS INC 18.78 14:12:19 EST and bought a few c's (VERY carefully, gents!) BOT MSFT C JAN 80 MICROSOFT CORP - OPEN 2.80 15:26:02 EST JT

To: Jurgen Trautmann who wrote (10059)	7/26/2001 12:02:49 AM
From: Berney	Read Replies (1) \| Respond to of 11051

Boy, was that an explosive move! I was pretty much caught flat-footed. Did buy 1000 Cubes for the Phleet at $40, but my general wasn't cooperating (GE) and I just couldn't commit the rest. I always have a problem when my daily charts are pointed south, the 60-min is pointed north, but the short time frames are at the top. I mentioned to JH some time back that I thought retail might prove to be the place to be. I sure wish I had listened to my advice. Take a look at the WMT weekly chart. Now this is a bloated whale, but that is a BO of a long-time weekly down trend line. MG mentioned SBC some time ago. I was actually watching it the moment it hit the bottom and still didn't pull the trigger. Yuck@! The drugs and financials certainly got room to go before they hit any serious resistance. The bottom line is that I'm suspecting that this move could be for real. The problem is that we got Index resistance levels above us in short order. Add to that, I still have my NDX projection at 1470 (the projection of the broken H&S pattern). The short-term problem that I have in my analysis is that I expected NDX to hit about 1550 today and it did not. This bear market stuff is not fun to try to analyze. The good part is that I've got such a buffer that I don't need to rush into the battle. Never heard of the broker that you are looking at, and I'll let you play pioneer. Just a View from the Swamp (we've gotten some 20 inches of rain in the last month) TB