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Strategies & Market Trends : Classic TA Workplace

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To: martin001 who wrote (33687)	3/8/2002 9:53:30 AM
From: JRI	of 209892

I think we get bounce here...because there are trapped shorts from yesterday, who got caught on this gap this morn...and market did not retrace back down and close morning gap.. They are hanging on....still hoping for a cave here...so I am going to wait until a surge to 1930 or so to start entering shorts.. This is my crazy theory only...it could be totally false for all I know ng (Also, I got some comfort at those levels in the upper channel line since the lows a week ago....today it being around 1935 (early)-1950 (late) on COMP...Don't think we get above that on the 1st go, and would think we see a good rejection 1st go round.. I'll continue to cover quick in such an environment)

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