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To: Shack who wrote (47417)7/25/2002 10:23:50 AM
From: ajtj99  Read Replies (1) | Respond to of 209892
 
SOXX hit 327 yesterday. That's still below today's low. Dow getting near some resistance, and maybe wants 8350.



To: Shack who wrote (47417)7/25/2002 10:33:27 AM
From: AllansAlias  Read Replies (1) | Respond to of 209892
 
Shorting down this low has got to be selective imho, but as yet, I see no decent evidence (using TA, sentiment, and Elliott) that it can go up from here. A good trade for me is one where the stop is clear -- for me it's damn clear:

if tech takes out yesterday's high, something is going on that I am not seeing.

For ORCL, I don't mind a backtest of this breakdown, but no way it should get back inside that wedge.

I doubled-up my ORCL puts just now.


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