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balmywinds

07/10/02 3:16 PM

#1737 RE: LG #1733

<Thinking Like A Criminal>

I love it when you say that.

What do you do all day long in that crowded tree.
What if you need to leave for the bathroom, are they going to let you back up for the same admission price.
I'm having severe bladder problems already.
BW

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Zeev Hed

07/10/02 3:18 PM

#1740 RE: LG #1733

LG, that sounds to me like "rationalization", I don't like the fact that we are fading after barely a mini bounce. That indicate a visit to at least 1336, if not 10 points lower, but too many other parameters indicate to me that we are in the "neighborhood" of the bottom, so I'll use stop to get kicked out. Apart of that, I don see that much weakness in most of what I hold, the Q has not done the "double rate" plus decline, ZRAN, BPRX, USPI are all still moving up... I got kicked out of KLAC here at $40.90 for a little less than a buck loss, but apart of the morning's bio's failures (GENZ and AMGN), the rest does not look too bad, so far. Let see how we handle the LOD here.



Zeev

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Sir Realist

07/10/02 3:21 PM

#1743 RE: LG #1733

LG; wouldja consider a 20-25yr chart of the comp tapping the lows of:

--90 and 94 (have we breached this one yet?)

--82-87-90 (is this the line we head to next?)

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cannabis

07/10/02 3:23 PM

#1748 RE: LG #1733

Wouldn't you rather see a crap and run.I would.The next time I see a -150/-50 pre-market,I'm going 100% long.

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ajtj99

07/10/02 3:38 PM

#1766 RE: LG #1733

LG, if we do gap tomorrow AM, we should also slide back to fill part of the gap, IMO.

A gap up and a test of the low that stays above the low will get me back in long. That's what I've seen play out on firm bottoms without runaway gaps.

Thank goodness for stops. I learned from AA on SI (I think you guys don't get along <G>) that my stop is often smarter than I am, and that proved correct today.