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


To: brightness00 who wrote (26498)9/7/2001 2:02:54 PM
From: Zeev Hed  Read Replies (1) | Respond to of 30051
 
I like the slight divergence between the tic and trin on the Naz here, the current tic at -866 but the trin just barely above 1.00, a lot of buying in the advancing issue to cause the trin not to be above 2.00 here. I am down to 16% cash, a very bullish stance, a lot of that some 20% is associated with the lunch tactics and will be closed by the end of the day, but even then I will be at less than 40% cash. Not yet "fully loaded" but getting very close to unzipping my bear suit here.

Zeev

In edit, QLGC just went for $27.5, just above a buck profit, and IDPH just went at $57.47 for about 1.5 profit.



To: brightness00 who wrote (26498)9/7/2001 2:03:15 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 30051
 
NAZ and QQQ holding up pretty well in view of the big drop in the Dow. Bought a little QQQ this morning at 34 and have orders in to buy more if it hits 33. But these are very small purchases -- just dipping my toe in so to speak.

The fact that the Dow is breaking big time signals that the end of this drop is getting near. Zeev could well be right about a low next week.