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Strategies & Market Trends : Rande Is . . . HOME

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To: Smart_Money who wrote (45046)	1/9/2001 5:19:16 PM
From: Rande Is	Read Replies (4) of 57584

Ended +5.2% overall today. . .this market is far friendlier to bulls since pre-interest rate cuts. Of today's gains, most of it was from the January Effect on the microcaps. . .some of which have already more than doubled in the past week or two. . . .the next best part was the selling into the morning gap from the swing trades bought yesterday ahead of the spurt into close. . . then it was the long-term holds. . . the shorts pretty much accounted for a break-even on the day today. Advance/Decline line remained strong throughout the day, aside from one brief dip under the center line. Volume remained modest. And . .the appropriate market saying [though many variations exist] is old but true . . . . "never short a dull rally". . . I would still think that any sharp upward movement would come off a day where news is at its worst. . . this gives short-sellers a false sense of security. . .and makes the perfect time for a dogpile-style short-squeeze burst on record volume. Rande Is

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