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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (48707)	8/2/2002 12:05:11 PM
From: JSD	Read Replies (1) \| Respond to of 209892

Whats holding PG up? Any TA comments on the rise of last few days? TIA.

To: AllansAlias who wrote (48707)	8/2/2002 12:08:24 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

Allan -- you had spoken of a BKX break of 723 on the way down being key. (I'm not actually sure why, I admit). We have that. And now the BKX is right above a gap, as well. From my nebbish TA point of view, if the BKX is gonna do any sort of a retrace from the July 24 low, it's still got more to give, adn that gap will be filled. If that 20% spike was a complete correction and your target comes into play? Yikes. the freep

To: AllansAlias who wrote (48707)	8/2/2002 12:48:55 PM
From: bcrafty	Respond to of 209892

Yeah, I don't know what I'd do without those stops More frequently I use mental rather than actual stops (on options I have to use mental, broker doesn't allow actual) but they've saved my ass toooo many times. Don't know what's up with JPM, but the golds are going up again; I'm betting they're still pretty short on the yella. What a difference a few days make.Last week I set up a 15-minute Dow chart with 10, 20 and 50 emas. On Monday we had a "golden cross" where the 10 and 20 had crossed up over the 50 around 10:30 a.m. Yesterday we had a downward crossover around 10:30 a.m. which is the "cross of death" <g> (death might be a little exaggerated here though, as we're talking about short timeframes). Dumped my GE calls yesterday at open and did partial SAR, buying a third Sept 27.50 puts yesterday at open and the other 2/3 at open this morning. Just sitting tight now enjoying the ride.