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


To: Ron Dior who wrote (66704)5/14/2002 11:27:39 AM
From: ItsAllCyclical  Read Replies (2) | Respond to of 99280
 
>> The big boys have been since October. This is the heavy volume that the market has needed. We will see more pullbacks for certain but they must be bought! <<

Must be bought? Thanks for the laugh. Good to know people like you are still around. This rally doesn't have any long term legs.



To: Ron Dior who wrote (66704)5/14/2002 11:39:35 AM
From: Jeffrey S. Lillie  Read Replies (1) | Respond to of 99280
 
Ron,
I try to learn every day. Over the last four months, we have had many reversals to the upside that crapped out and trapped me above. I am very cautious about any rally. I added new monies a few weeks ago and dont want them under water like the rest of the portfolio. I will lighten up on this rally as well to raise some cash.

Do we hit the sept lows on nasdaq? I believe we do. Do I want to be fully invested if we go there? Heck no. Can this rally go further? Absolutely! I will have all traders off table today if we go another 20-30 on nas. Will sell calls on underwater positions where it makes sense at approx 1730.
Best of luck to you and all,
Jeff