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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (47081)9/3/2003 10:13:48 AM
From: Oral Roberts  Read Replies (2) | Respond to of 57110
 
I could see a A=C on the hourly comp taking us to 1920 before a correction. I can see 1032 on the SPX for the same reason. Truly a missed opportunity by this fella.



To: Jorj X Mckie who wrote (47081)9/3/2003 10:43:53 AM
From: AugustWest  Read Replies (1) | Respond to of 57110
 
That's the only thing that keeps the flame burning in my camp right now.

I've been sticking with playing the semis for the past tw or so weeks- some days I'm the bug, some day's I'm the windshield.
But I've noticed a trend developing there.
They sell off from the open then rebound strong mid day, pull back some then rally into the close.
I may have it wrong but it seems like some serious internal weakness there.
Couple that with insider selling(which might be the reason for morning sell offs) and it spells a market that is topping out, regardless of the economic outlook, IMO of course.
One of these days, the trend I've been trading will change, presumably to the downside
But until then I will continue trading it the way I have been.
Wish I was closer to the banking stocks this time
I want to get in on some of that juice too
But haven't