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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (5263)12/30/2002 3:17:32 PM
From: Smiling Bob  Respond to of 19256
 
Pit stop
Looks like we test and close @ 8365
8353 now
Could go bullish for the first week of Jan, so be careful after tomorrow
Low volume make a tricky read
edit
Rephrase above
Not bullish, just "bouncish"
Message 18382610



To: Smiling Bob who wrote (5263)12/30/2002 4:12:44 PM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
DOW topped @ 8364.74, just a very wee tiny bit shy of turning point
siliconinvestor.com
edit-
Chance that DOW may want to retest 8365 area shortly, then we proceed down
8334 now

----
Leery traders got out, and prevented DOW from closing anywhere near HOD. I'm not at my computer so all info not here, but we should continue the downward move at tomorrow's open, even with pre-holiday trading.
New shorts opened or held should see profits in time to make ample purchases of Boones Farm or MD 20/20, whatever your preference



To: Smiling Bob who wrote (5263)12/31/2002 10:24:20 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
Cover GS 67.59 and LEH 53.21 ask
(edit) this cover is because I may not be around to watch and we could get a bounce in some brokers next week)
Message 18382610
...edit
Weak move, and coast looks clear
I'd reshort ST or hold if you haven't read this yet
67.93 bid
53.70