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In a message dated 3/16/00 2:01:46 PM Eastern Standard Time, ist@xxxxxx
writes:
<< Is this one of those rip roaring bear market rallies that will take us
to about 11,000 and then they pull the rug out? It isn't real yet even
though a lot of money can be made in a contra trend trade. Ira.
>>
Hello
Marty ZWig in his book writes that when you see a day like today
(volume good to bad 10/1)
adv DEC ratio of 3.6 to 1
this IS a beginning of a powerful move
we may have some profit taking along the way. but 11000 is a good target
i REALLY do not think we can pass that
(4 fed hikes in a raw)
today was also DEFINITELY the unwinding of expiration day
AND
for sure caught a lot of day traders who ran to cover their shorts.
i for one have 20 value plays in my Ira which now SECOND day
almost ALL down!
happy trading
and use options for stops
as the tiger will bite in this volatility BADLY
Ben
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