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Strategies & Market Trends : NetCurrents NTCS
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To: Mr. Stress who wrote (3425)11/3/2000 1:11:53 PM
From: Michael Watkins  Read Replies (1) of 8925
 
While RMBS may well pull back, there's no sensible place to just "dive in" and short it.

Been there, done that. Lacking a method, I used to start to short high fliers based on instinct and watching them. How about that for developing stress? No thanks.

Depending on your time horizon, RMBS may run up another 6 points before a decent, higher probability, short opportunity comes along.

But yeah, at ADX 72 on the 5 minute, its bound to clunk for a bit, but for all we know will bounce and run up 6 more. No thanks!
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