Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: ynot who wrote (23278)	8/31/1999 10:22:00 AM
From: Iris Shih	Read Replies (1) of 68379

Traders tend to take profits either from long sides or short sides faster than before. I took 1/2 profits last week. And another 1/4 yesterday. And now I am looking for an entry now. Don't think the shorts would just slow the fall unless long bond fails on us. Bond is still the key issue here. I read somewhere that money inflows last month for mutual funds were still robust. Lots of money just sit sideline and waiting to be put to work once we get over the rate issue. PS I just nibbled some jdsu around 104+. Iris

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