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To: AllansAlias who wrote (11763)8/30/2001 10:50:36 AM
From: AllansAlias  Respond to of 209892
 
And covered now for a dandy and unexpected gain on the short side. Finally, some tradable volatility!



To: AllansAlias who wrote (11763)8/30/2001 10:53:11 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
With that playing/failure w/1990 trendline this morn, I am no longer going to buy 10k, 1800 on COMPX....Had we spiked down in the morn, I would have considered it a one-off, and bought it, but market had a clear choice this morn, and clearly gave up the 1990 line...

This is systematic "we've got too much stock" selling, and with a lack of buyers, could go on for quite a while, IMO.

This morning is horrible for bulls IMO...this has terrible consequence for Sept. IMO



To: AllansAlias who wrote (11763)8/30/2001 10:55:45 AM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
Downside Targets?

I am watching Smelly to see if 560 holds

Break below could get to 540 quickly

SPX 1140 if it does not hold would mean more downside.

Is it going to happen today?