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Strategies & Market Trends : Ask DrBob
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To: Drbob512 who started this subject1/10/2001 9:21:09 PM
From: indexit   of 100058
 
Charts still very mixed but looking a bit better. Only problem is stocks which have ran last 1.5 days are approaching their highs of the Fed announcement date and this could be a double top and the resistence line of the last several days.

Will probably buy a gap down right before the open and look to sell once the gap is filled and then play it by ear. I would not be surprized to see a drop at the open followed by a swift recovery. Still think there is momentum left to the rally and the market has really pre digested the YHOO news. If one had guts short YHOO for a few days and cover at 20, but I lack the guts. My system melted down today at 3:00 and I could not get short YHOO.

Great market to lose money in with a reversal a minute.

If we close on a strong note I will go long at close, it would indicate resistence being broken.

JNPR, RBAK, PMCS, ITWO, PRGN look intesting. Got more longs than shorts on my list which has been a fairly accurate predictor lately.
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