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To: AllansAlias who wrote (18061)10/25/2001 1:47:33 PM
From: JRI  Respond to of 209892
 
Building this one gradually.....only 15% of my total position there....

I think we are putting in something similiar to this summer (just much more compressed timeframe here, this week, maybe next)...aka..the distribution top...might be hard tl know when it really drops...so I think I'd build gradually here...



To: AllansAlias who wrote (18061)10/25/2001 1:49:41 PM
From: James Strauss  Respond to of 209892
 
Nasdaq 1675 Key Support Area...
**********************************
The 13 day MA sits at 1675 on the Nasdaq...
stockcharts.com

A break below 1675 would set up a test along a downtrending trendline in the 1600 area... A bounce from the 1675 area sets up a test of the 1800 area... A bounce from the 1600 area sets up a test of the 1700 area... Lot's of possibilities... The bounce from the 1683 area today is a positive which may set up the 1800 area test...

The higher unemployment numbers and bigger drop in durable goods orders sets up another FED rate cut in early November...

Jim



To: AllansAlias who wrote (18061)10/25/2001 1:50:31 PM
From: marginmike  Read Replies (2) | Respond to of 209892
 
There are still alot of shorts out there, and I expect a mini-buble here into dec. COT numbers this weekend will be key. People are sure whistling past the graveyard-ng-



To: AllansAlias who wrote (18061)10/25/2001 1:51:42 PM
From: JRI  Respond to of 209892
 
Added another 15% there....big surge in IBM last 1/2 hour...this is a joke..above 108, near 109...



To: AllansAlias who wrote (18061)10/25/2001 1:54:30 PM
From: martin001  Respond to of 209892
 
It all feels so wrong <sigh> - LOL

YOu know I almost get the feeling that now that they
have runup the chips - its gonna selloff.

The shorts have gotta be running scared and
saying WTF - I know I have <g>

Besides looks like you got a ascending wedge on the charts
right now.