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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: YxY who wrote (16680)5/30/2000 4:23:00 PM
From: TATRADER  Read Replies (4) of 59879
 
Y, sounds good, I did not short QQQ today because of its momentum...It will be safer to short it in the 90-92 area...
My brother-in-law was all excited today and was re-entering the market on the long side..He didn't want to miss out on the new bull market...I still believe this is a bear market rally and that it is suckering in more innocent bystanders..I told him I was looking for the Dow to move to the 10,750-10,825 level and then sell off again...He should be alright tomorrow and the next day, but IMHO, the situation hasn't changed...
First short area for CSCO will be tomorrow in the 62.50-63.00 area...If it gets to second target area of 68.50-69, will definitely short it there...

Regards, Mark
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