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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?


To: Rich1 who wrote (9031)10/11/2001 1:12:47 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 10077
 
I dove in a couple of weeks ago.

But.....I think waiting for a PB isn't a bad thing. We have a gap up today that will likely need to fill
The VIX is still at reasonable levels (32ish)
TICKQ not at an extremely high level
TRINQ *is* very low, might be getting close to a time to take some profits on some techs (currently at .15)
TRIN at .65, so your non-techs are probably safer right now (talking strictly short term here)
COMP chart looking very healthy.

I am generally bullish, but expect a PB shortly. Besides, next week is options expiration, we need to have a little volatility to wash some people out so that we can rally into the expiration.

Message 16488230



To: Rich1 who wrote (9031)10/11/2001 2:50:41 PM
From: Augustus Gloop  Read Replies (1) | Respond to of 10077
 
I'm of the opinion that we need one