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Strategies & Market Trends : JoAT's QQQ System -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (287)	6/5/2004 9:59:40 PM
From: elliottrules	Respond to of 942

JOAT, Still short the emini Dow from 10290 and 1 from 10560. Break even on the 2nd, we'll see what happens. I am starting to foam at the mouth on some of the wave structures on the semi's. I will be buying MU, LSI, PMCS, VTSS next week in preparation for a 3rd wave up. The comforting thing about buying right now is that buying 500 shares of each of those stocks is only around 40K and being short 2 emini dow is 100K worth of stock. Doesn't even get me to neutral because of the short futures. It is just a matter of lifting one of the sides at the right time. We'll see what happens next week.