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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: Runomoâ„¢ who wrote (2196)4/10/2002 7:06:14 AM
From: robert b furman  Read Replies (2) | Respond to of 208185
 
Hi MO,

Great post _ I just love when I find someone who thinks like me.gg

I believe those Castles are on a strong foundation.The last 6 quarters have been so negative for Tech.Whether it be inventory replentishment or technology advances - the bottom has been historically long.If this market discounts the future (I have no doubt it does) then the wait on this Abyss can't be all that long.I say that being a very patient LT positional trader.

I like your day count analysis on the NAZ and its 200 day moving average.It constantly amazes me how great the internet is - it provides contact with many different thought processes.

But like Chief says - the big money is made on the long haul.I've been rebuying stocks sold in february 00 - with my last strong buy in 01 september.I have used this setup as an "add to" on some double/triple bottoms - JDSU,SLR,ORCL.I've added to on a breakout with Cohu.Nibbling back a position I sold on Intel.

I lost my position on Nvls - too high to get back in - but might try a breakout ST thing - but I'm really a chicken on those.

Once again thanks for the great post.

Bob