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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?


To: Petrol who wrote (2861)5/2/2002 3:41:33 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 6346
 
LOL!!! In that case, my answer is "SPLUNGE!!!"

I am seeing serious attempts to keep the market from imploding. I am seeing this in the very high TICK numbers. Meanwhile the TRIN is around 1.50, which is more of a distribution number than a capitulation number.

This means that I don't think we fall off the cliff today, but we do end at pretty low levels.

I think we have one more push to the -20 area on the COMP, but end up back in the -30s. I am likely wrong though.

I am not covering.



To: Petrol who wrote (2861)5/2/2002 3:59:12 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 6346
 
I covered 1/3 of my BRCD short to lock in some profits. This was one of my superstitious trades (gotta feed the tradings gods).