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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Jerry Olson who wrote (714)6/14/1999 2:39:00 PM
From: -  Read Replies (1) of 18137
 
<we could see a big short covering rally in the nets...>

It could be starting now... YHOO, EBAY, AMZN all coming up off their lows right now... will watch for follow-through to confirm. They are not rebounding that strongly though... acting a little weak again...

Things are so overdone, I'd be more likely to scalp the long side in the nets at this point. They probably are heading lower over the next few days, though! Imagine, if we were to get weakness in the broader market... say a too-hot economic # on Wednesday... it could get REAL ugly.

-Steve
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