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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (46960)	1/22/2002 12:53:11 PM
From: High-Tech East	Read Replies (2) \| Respond to of 64865

Charlie ... FYI ... Enclosed is the text from two e-mails to me this morning from my close friend Tim ... he got me interested in trading futures and studying Larry Williams not quite two years ago ... we have breakfast together about four times a week and swap e-mails many times each day ... Tim sells currencies for a living for a small private firm. We have been trading the S&P futures together off and on since last fall ... Tim would not touch the S&P puts that I have done so well on ... and we disagree more than we agree. For the last 6 trading days, we have both been short the March S&Ps to our advantage ... so this time we agree ... basically, we are saying that equities are set-up to go down, probably significantly ... maybe we will be just contrary indicators, but I doubt it ... Message # 1 I believe we should see a significant decline anytime now because we have already seen an 18 bar entry. Upside should be limited to not much above 1136. A move above 1136 would set up an immediate sell off later today or tomorrow. I believe the time for a dramatic drop in the US stock indices is at hand now. Take your pick, Dow Jones Averages, S&P 500, Nasdaq, Russell 2000. All of them will go down and probably most all of the world's stock indices with them as well. Beyond all the analysis we have discussed, generally, I just have a strong feeling that it is important to stay short now. Message # 2 Today's high on sph2 has already been over 1136 and it has failed to hold that level or move higher. I see this fact as significant because now it appears all indicators are set for sph2 to sell off. If stock indices are going to decline and if they are to have a chance to take out the September lows, then I believe we will see the markets decline dramatically over the next 10 trading days. We should look back on the 18 bar entry and think it was a great technique to enter a long term short trade for the S&P.