Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (45563)	8/7/2001 7:37:10 PM
From: ajtj99	Read Replies (2) \| Respond to of 56535

Max, I would tend to agree with you that those who are working in offices tend to work more now than in the past. That work smarter, not harder stuff makes me laugh. CSCO met expectations of $0.02/share. In effect, they disappointed, as they normally beat consensus by a penny. That is one reason why they're down in A/H besides the absence of good news from Chambers. We need a green day soon, and that may come Thursday. That would allow two more red days before we bounce going into options expiration. I'm watching this closely. The 15-minute and 60-minute COMPX suggest we will have some sort of rally in the AM, but I expect a steady drop all afternoon, possibly below 2000 COMPX. The end of day lid on tomorrow's COMPX seems to be 2016. Bollinger Bands on the COMPX are getting pretty pinched. If we are going lower, that may indicate we're going to have a deeper drop. I'm not counting on it, but it is a possibility. On the flip side, it could give the bulls a breakout to as high as 2250 if we bounce in the 1900's with vigor. I'm not counting on that either. We'll see where this ends up in a few days. The drop I was expecting to 1890 may not materialize this trip, but there are still several days ahead of us. We could have a close of just below 2000 tomorrow, just above 2000 Thursday, 1973 or lower Friday, and maybe a bounce off a low on Monday.