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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:onwingsofeagles@xxxxxxxxxxxxx";
title=onwingsofeagles@xxxxxxxxxxxxx>Gitanshu Buch
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, March 23, 2001 6:04
AM
Subject: [RT] STK: INTC, Bottom
picking
While this swing/key reversal stuff is admittedly a weakness
in the trading area for me, this may be representative of the patterns setting
up as of today's close if we get follow-through to yesterday's intraday short
covering frenzy.
For perspective, if the Dow were to simply retrace to its 20
day moving average, we would see 5 figures on the index - what is it... 10859
to 9106, a 16% downswing, and potentially a 10% swing higher to 10080-10000
zone.
What a market.... and they told me commodities were wild
broncos and made you go broke.
And yes, in the "credit where credit is due" dept, the
direction call was great - even if it may have been early/off by a few points:
in alpha order - Ben, Bob, Earl, Ira, Joe Duffy, NW, Slawek for the 2
ep's - and all those who posted whose names I don't remember....
It doesn't matter, but I could never do that kind of
stuff.
GitanshuTo
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