Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	4/30/2001 10:35:54 PM
From: Michail Shadkin	of 6873

My market views: April is over. A historically very bullish month. The pigs tried for some end of month window dressing today and just couldnt hold the gains. The NAZ is extremely over extended on a short term basis. Very major resistance is between 2200 and 2250. Also, in danger or making a lower high on the current rally. Aprol's irrational exuberance will come to a halt very shortly. Earnings are almost done. Next up FOMC meeting in mid May. I expect small downside pressure next 10 days. Followed by the usual pre-fomc rally. Followed by the usual post-fomc dump. (this has been an amazing ATM machine in the past, this time around I would be much more cautious) If NAZ cant break 2150 decisively in the next few sessions, I fully expect a stumble below 2000, possibly as low as 1920. Many Happy Returns

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