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Strategies & Market Trends : Sharck Soup
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To: marc chatman who wrote (13391)3/27/2001 11:10:27 AM
From: marc chatman  Read Replies (2) of 37746
 
I'm very cautious here. I think the nasdaq can go a bit higher later, but I don't have enough confidence to make a substantial play at the moment. I can never tell with these bearish wedges (if, in fact, that is what we are seeing). I feel there will be some good opportunities both short and long in the next several days. Also, the indexes aren't totally in sync.

I missed out on the QQQ's this morning when I entered a low-ball bid and then left for awhile. No big deal -- I'd rather wait for the better opportunity and then hold on for awhile.
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