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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (23893)1/23/2002 9:15:48 AM
From: HairBall  Read Replies (1) | Respond to of 99280
 
ajtj99: How are you doing?

I am unwinding some positions this week. I may even delay my retirement just long enough to take advantage of the "possible" pivot date I have for tomorrow (plus or minus one trading day). So, it could happen as soon as today.

NTAP should retrace at least some of its downturn, more than just the pops I've been trading as it tags the support line of its falling wedge. Yesterday NTAP bounced in the area of the Gann 50% retrace level of the rally off its Sept01 low and at the support line of its "all sessions" falling wedge.

Another stock I have been eye balling for a possible extended run (much like NTAP had off its Sept01 low) is TERN. While I am expecting the gap-up to be tested first, I would be at the ready just in case that does not materialize.

Back to my easy chair...<gg>

Regards,
LG

PS: To view my QChart NTAP 65-Min All Sessions "Intraday" Semi-log Chart click on this link lgscharts.homestead.com and then click on CHART 2.