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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (2901)7/9/1998 9:01:00 PM
From: yard_man  Read Replies (1) | Respond to of 5676
 
Hope you're right, but let's see. Added some GTW puts on the rumor.



To: bobby beara who wrote (2901)7/10/1998 11:47:00 PM
From: set  Read Replies (1) | Respond to of 5676
 
> This is a CHANGE IN TREND

I don't think so. I'm expecting a buyable dip next week.

as previously I can't make heads or tails :) of the indices,
but here's what I see -

I believe stocks like CYMI and MTIC will make bottoms
this month. this is a group in which reasonable value
already exists but in which, at least in my estimation,
an extreme bottom has yet to take place. I figure $6
and $10 respectively. if not, then not.

at the same time CPQ more or less has to retest $30. I
figure it'll top out short term monday or tuesday and
head down for a retest and a descending triangle to
balance and mirror the ascending one that caused the
recent spike. out on a limb here ain't I?

however, look at SEPR, which is looking wildly bullish,
and INVX, which has clearly already bottomed.

so in the general market I see a sort of rotating bottom
taking place. screw the indices. they make no sense.

Shahar