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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.72

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Jan 16 4:00 PM EST

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To: Clint E. who wrote (21827)	7/2/1999 4:17:00 AM
From: Johnny Canuck	Read Replies (1) of 69854

Tell me about it. Are you watching the action on JNPR? I wanted to get some on the day of the IPO, but it was moving too fast for me. It appears to be on a roll right now. This is one highly anticipated IPO. I have been hearing a lot about this company in some of the trade journals the last year. Actually I am more interested in how they will reaction when we pull back. Riding the momentum higher is easy. I am trying to figure out whether we do a rolling correction that slowing takes money out of the market or we go down in a series of quick gaps over a very short period of time to shake out the excesses. I am trying to set up for the short side, given that my hold times are longer than yours and my ability to react in a timely manner can at times be impaired. Story on OPTION activities: Message 10351199

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