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To: marginmike who wrote (38588)5/9/2002 12:16:43 PM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Some techies getting close to their gaps now. ORCL is most notable.

It would surprise me if we made new highs from here. I think it needs to mess about some more. It may well not make a new low, although I would favour that, but it needs to put in some jello time imo.



To: marginmike who wrote (38588)5/9/2002 12:17:29 PM
From: JRI  Respond to of 209892
 
Went even stronger long there...3/4 of a normal hold position for me..



To: marginmike who wrote (38588)5/9/2002 12:18:38 PM
From: AllansAlias  Respond to of 209892
 
BTW, the thing that is most important right here is the Dow backtest of its channel breakout. That channel was steel and the odds do not favour its failing. This has to be watched more than tech imo.



To: marginmike who wrote (38588)5/9/2002 12:27:30 PM
From: AllansAlias  Respond to of 209892
 
UTX is a very intriguing setup. It is poised to make a sharp move -- looks like down, but a Hound up would be sharp too.



To: marginmike who wrote (38588)5/9/2002 12:58:35 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
Just bailed.nice profits due to size of position..good luck eom