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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: shortilong who wrote (8476)	1/23/2002 9:21:00 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 8925

trendvue.com While the chance of an outright crash is there, we have to be open to the possibility that price may move up from here for a few reasons: - technically its still testing the bottom of the range if price moves back to it. Overnight news seems to be setting up an inside day at least. - the downswing is extended. Either a crash scenario develops very quickly (today or tomorrow at latest) - since price is at an important test and will not hover here indefinitely - or price will rally into overhead resistance (of which there is plenty). Hard to believe that tech can move straight up out of this range from here; however the most diabolical outcome is probably a pause in the decline, maybe even a rally for a few days and then a new test of the range bottom.

To: shortilong who wrote (8476)	1/24/2002 5:12:28 PM
From: in2tech	Read Replies (3) \| Respond to of 8925

Hello board, I carried orcl over night from 16.60ish and sold from 17.15 to 17.60. Then I set a buy stop at 17.32. at noon it failed 17.28 and I went short adding as it slowly ground down to 17.14 where I became convinced it would see 17.04 got stuck in the short covered all the way back up to 17.32 where my long was triggered then we dove without touching base at 17.25. completely frustrated I went long at 17.22 (wrong!) and then we slipped back to 17.12 and well... I'm on the way to the newbie, daytrader chiropractor... (hope they take Master Card). Now my question is does orcl look like it can move past 17.30? or is it out of gas and headed down to fill some of those gaps from yesterday? Any replies appreciated! What a day. I think I'll stick to morning sessions for awhile and I have got to reduce my share size as well as put a stop to my propensity to over trade.