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To: marginmike who wrote (51294)8/27/2002 9:29:47 AM
From: JRI  Read Replies (2) | Respond to of 209892
 
As said, it would be nibbling only, but after looking at some resistence levels...there really isn't resistence on COMP until 1425...so my resolve of a little shorting of the open is getting tested too..

As well, Intel news I think is pretty lousy, and yet we are heading up, and Intel doesn't look to bad to me pre-market (given). Market taking bad news in pretty good stride so far it seems

Color me undecided....if I do anything, small doses

Edit: gap up was smaller than I expected....



To: marginmike who wrote (51294)8/27/2002 9:32:42 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
Certainly, you have been one of the few looking at down cautiously (from early last week), that we could rally longer and higher than expected last week (we did), and willing to accept that we could rally from yesterday's low...kudos to you for the right trader flexibility (one of your trading strengths, I believe)



To: marginmike who wrote (51294)8/27/2002 9:35:39 AM
From: JRI  Respond to of 209892
 
Looks like a durable goods report (Dow) vs. semi weakness (Intel report) battle here early...who wins?



To: marginmike who wrote (51294)8/27/2002 9:51:45 AM
From: JRI  Read Replies (2) | Respond to of 209892
 
*OT* Scary, CNBS ran a poll "should we go to war with Iraq"...results were 53% NO, 47% YES...and all Castellini could talk about was support for (the) war in this country...am I missed something?

I hope everyone understands that if we do (go to war), the US will likely bear 100% of the cost of any war (vs. 20% of the cost in 1991)...and how much would the post-Saddam chaos cost?