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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: shasta23 who wrote (25065)2/4/2000 10:30:00 AM
From: dppl  Read Replies (1) of 68226
 
Stefan

Thank you for the post... I've learned a hell of a lot here too.

I was just making a call about an extremely oversold market and a counter trend rally. The NAZ is only 20 or sio points away from an all time high and I figured htey would aim for this - over a 2-3 day counter rally.

I exited last nite with a few short positions in fact but this time the bond inversion has confused everyoine (esp the DOW stocks). Right now I'd be neutral to slightly short but chances for shorts should increase next week as we go into an overbot area (on the NAZ at least).

We could be in for some bond determined movemnents next week since there won't be a lot of news out. That could be good for the bulls but they've already bot the NAZ...

I think financials should show their hand next week - could be a good one for them if the bond gets sorted out.

Thomas
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