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


To: jjstingray who wrote (38218)3/6/2002 4:32:27 PM
From: Softechie  Read Replies (2) | Respond to of 99280
 
Here comes consumer recession...JWN Nordstrom reports February sales (25.85 +0.49)
Company reports preliminary sales of $359.1 million for the four week period ending March 2, 2002, an increase of 0.6% compared to the same period last year; same-store sales declined 4.1%.



To: jjstingray who wrote (38218)3/6/2002 4:36:25 PM
From: t2  Read Replies (1) | Respond to of 99280
 
Maybe we have a blow off top tomorrow before retreating down. But where would that be? 1934, 1950 who knows. I just know that I am buying some puts tomorrow for a little retrace profit.

Did not see any warnings so far this afternoon. That is usually the risk of holding positions overnight.

That sets the stage for a move above 1900 tomorrow morning; possibly even holding that level as mutual fund inflows are still strong. Another 3 billion according to trimtabs.

jmho
jmho



To: jjstingray who wrote (38218)3/6/2002 4:57:25 PM
From: ajtj99  Read Replies (2) | Respond to of 99280
 
jj, you would be best to wait until the trend shows itself before getting puts. To get puts while we made higher highs today is dangerous. I did get some puts, but not many and it was only for a possible intra-day position trade. With the positions I closed in the AM, I ended up quite green today. I'm mostly cash right now, as I believe it is dangerous to buy long at these levels unless you can watch it all day long.