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qwave

05/14/05 2:10 AM

#391660 RE: orkrious #391651

Think he mentioned NAZ 1750.
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Zeev Hed

05/14/05 5:33 AM

#391662 RE: orkrious #391651

I think we see at least 1850, maybe even 1750. Crazy cross currents here, as if a very big move is coming, but it could be either way. Due to seasonal weakness in the market, I think the next move could be down. A lot of parabolic formations are collapsing (got caught myself in few of these), now it looks as even AAPL might give, if it breaches $33, look out below. On the other hand, the SOX is showing unusual resilience here, but last year, from June to September, it lost 20%. CCMP should have broken to new lows, but after a minor intraday breach, it is holding, same with KLAC. We'll see next week if INTC, MRVL and BRCM can take their recent respective highs ($25.5, $38 plus and $34.5) MRVL is the strongest chart in the bunch (and hated by many...). On the other hand, pretty good outfits like SYNA and DRIV are on the verge of major additional breaks.
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arilau

05/14/05 4:43 PM

#391706 RE: orkrious #391651

Hello Zeev,
I am loaded with Sep. puts on the QQQQ.
In case it goes the other way,in your opinion,which stocks should I hedge with?