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To: broadstbull who wrote (151126)2/14/2002 2:11:14 AM
From: sun-tzu  Respond to of 436258
 
hey bsb, thx...here are the links

Message 17054250

Message 17038805

for next 1-2 days i'm looking to short these upside targets and go long at troughs below these targets.

personally, i'm seeing some life to the market that makes me think that she does want to have a more IT rally. at this point, i'm likely to use any pullback next week to establish more long positions.

i'm in the spring rally camp and think that will be the best opportunity to put on short positions for a late spring/summer swoon into september.

i have HAL long and am still waiting for the chance to establish a long position on ELN. This current retest of ELNs' low may provide the right opportunity. any short i put on in the next few days will be for 1-2 days only.

good luck,

(~)^(~)



To: broadstbull who wrote (151126)2/14/2002 5:21:47 AM
From: sun-tzu  Respond to of 436258
 
broadstreet...i just got done reading my two favorite threads...CFZ and CFZE of course <g>

typically, i think that action is relatively capped leading into options expiry. you usually get one chance to get some nice shorts and one chance to get some nice longs on the last two days of options expiry week.

since we are right at major resistance on both the Naz and Dow, combined with the fact that everyone seems to be shorting these levels rather aggressively, i give a greater chance of a melt-up through friday's close...maybe 15%.

if we break 1880 and 10050, i would be on guard for this scenario. the VIX and p/c ratio do allow for this type of climax.