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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (9018)	10/3/2001 7:43:50 PM
From: Gottfried	Read Replies (3) \| Respond to of 23153

dabum, thanks for ringing the bell. I agree, although my courage to buy is still in recovery. :) Remember that all we need is expectations for improvement. Of course, if results don't follow expectations, it's south again. Gottfried

To: chowder who wrote (9018)	10/4/2001 12:30:32 AM
From: MetalTrader	Read Replies (1) \| Respond to of 23153

bum, I agree with you. I've pegged resistance at 1625 and really didn't expect we'd try to get there in just one day. I don't necessarily agree that tech in general will pull all the way back to 1400. I think the sox index may have a little more oomph left in it than some others since it's lagged so badly. I definitely am getting near my first targets on oracle and pcs. I am up adequately but not exuberantly on both call options. I believe we are likely to pull back from the gap to trend line before making another run at next resistance which i put at about 1700. After that hopefully it will be a slog upward, backing and filling up to 2200 which could take a good while. How and if we get there in the next twelve months will depend on seeing some constructive fundamental improvement in business. For right now I am looking primarily for ascending triangles combined with low rsi or stochastics as set up situations. Watching closely at a number of semis and a couple others like adct in that kind of pattern. Also keeping a close eye on energy which is exhibiting selling exhaustion. Nothing objective yet, but possible. APA, DO, FST among them Wrote calls on gold stocks yesterday morning when the market started to look solid. This is a market that seems to have finite funds and infinite possibilities. I figured gold would suffer from lack of attention and it did. Will be interesting to see how golds resolve now. I suspect continuation after consolidation but who know's (other than Slider)? Investment managers have found a place for gold in portfolios as a volatility hedge so there will continue to be sponsorship for the asset class in general that has been lacking for years. good luck mt