|
PureBytes Links
Trading Reference Links
|
In a message dated 11/17/99 6:34:49 PM Eastern Standard Time, Jpilleafe
writes:
<< This is Jim Pilliod in Connecticut,...from RT forum.
Just a quick question. I know this is the timeframe
you had mentioned as a convergence of three or four
multiyear (loinger term) cycles. Do you see this as
a high of longer term,..or intermediate term,...
or shorter term,...etc. significance? Any thoughts on
what to expect next few weeks? I have the 22nd and
then the 26th,...as dates to watch for a pivot,...but
with the melt up in techs,..am unsure of what to expect.
Any thoughts appreciated. Have a good evening. JIM >>
hi
we got the new hi a few times in nasdaq
and once in the sp500
short term we are overbought and will use strength if any to get out,, (day
trade)
however after a 2-4 % pull back expect one more blast off,,
possibly 12/2 ultimate top,,
then if we still have bearish div on vol and McCllullen on ad/dec
and
adv get weekly says 5 and 5 then cach is king
and best are long term put options
regards
Ben
p.s
when 11/01 i said top in internets is here everybody was saying no
and when i said top in 11/09-11/12
or 90 year top in 11/19
evryone said how can the sp move up that much in such a short term???
that WAS a BIG move!!!!
nd even I did not catch all of it
but made enough to live on for years
|