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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (16816)	6/25/1998 9:44:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 69775

Thank you, Jim. I take it you are saying you have not experienced order-split with limit orders. I will call them tomorrow to see if they would have broken up my order if it was a limit order. BTW, it is amazing how increased volatility affects options prices. The stock dropped only $1 from where I covered & sold my options but its July60 put price went up by a full dollar. The difference was that NAZ was down 7 points & DOW was up 30-40 points when I got out but at the end those averages lost more ground. IMHO, the worst for NAZ is 1845. This rally is not dead. This is still a very strong buy-the-dips, momentum-driven market. Mutual funds don't have to push this market up. We will. Thanks to analysts cutting estimates in a concealed fashion, none of the major companies have to pre-announce. Fundamentals are pushed in the background and I personally try to stay away from trading based on fundamentals until the market turns again. If I cared about fundamentals, I would have kept my QCOM short at 48-1/2 couple of weeks ago.....reminding myself to cover my new QCOM short!!!! Right now, I am thinking we are going into consolidation at the end of Aug. but we have to wait and see. I am not going to set a target for NAZ. There is no point of making a target. We will see the top when it comes. Good luck with your Tree. Every time we mention that tree, I am reminded of the tree in front of our house in Florida that was toppled during hurricane Andrew in 92. The tree was staked back in and still lives, though it has an irregular curvature! Clint