Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: westpacific who wrote (2537)	3/23/2001 4:13:35 PM
From: westpacific	of 74559

Nailed IT!! Smelled the rally, covered all shorts Thursday morning. Rally will continue for a few more days, time to set out shorts again into rally and scalp some longs. Market is in a basing pattern so trade with caution, do not get carried away short nor long till the trend is more established. And of course always trade the chart. Still seeing plenty of fund selling, tax selling so rally will not be too explosive. Need to see how Barrons spins all of this. Remember average PE in NAS is still 96 so overall trend for next 3 months is DOWN - but also much of this fluff is in the negative EPS stocks that will get washed out with time - so this number is a little one sided. West

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