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Replies to #554 on The Black Box
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TREND1

03/14/03 12:01 PM

#556 RE: wahz #554

Finally some down side action.
(1)30 min QQQ chart failed test of high.
(2)30 min QQQ chart broke 3/12/03 up trend.
(3)How much correction will tell us a lot.IMHO.


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RCKS

03/14/03 12:20 PM

#557 RE: wahz #554

Good morning wahz, I have gone for 2 walks today plus taken my kids to school because I didn't want to be jerked around by my emotions on all the wiggles. My position though is a little different then yours I see this rally capped near where it was today until they at least give all the calls at the 25 strike one helluva scare, much as they did to the Puts yesterday and early today.
I follow you closely wahz and I weigh each of your opinions carefully against the back drop I am seeing for myself, so keep your views coming.
On your bullish stance and the QQQ's reaching I think a target of 27.80, I can see it happening but not likely until after expiration next week or at least the run will not begin until we touch at least 24.50 below. Now, news could change this but it would need to be big news IMO, OBL capture/killed, peace/Saddam in exile, etc.
Thanks for all you share wahz.
Good trading
steve
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TREND1

03/14/03 12:28 PM

#559 RE: wahz #554

The bull is dead !
Long live the bear !
Very short term. IMHO.

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exp

03/14/03 1:57 PM

#561 RE: wahz #554

hi wahz, you are either very lucky or very smart...you are not allowed to be both, right?...<ggg>

george (still watching your trades ... and being entertained by your posts as well)
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extelecom

03/14/03 8:08 PM

#565 RE: wahz #554

Wahz, Did you get obsessed on the beach? What is your Analysis here?