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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Jorj X Mckie who wrote (6)1/3/2001 5:30:41 PM
From: Don Pueblo  Read Replies (1) of 15481
 
Hard to say. I could guess...that we might back off a little tomorrow, but it would only be a guess.

From what I was watching, and it wasn't much, it looked to me like the shorts were in Extreme Panic Mode. And the good stuff closed at or near the high, and the COMP closed at the high.

If we sustain this move, it will be very good news. If we back off tomorrow, it would not surprise me. I have a feeling that the junk stuff will separate from the good stuff real quick here, and the good stuff will look strong. I'm watching a few signals that I can't post publicly but you know what they are.

I went long on CSCO at 32 1/2 this morning, BTW, (after bailing out yesterday morning for a nasty hit) and ended up making all my previous loss back in one day.
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