MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: Dave who wrote (67556)	1/24/2001 8:47:06 AM
From: JRI	Read Replies (1) of 99985

OT I'm short at 111....BRCD hardly moved yesterday afternoon, as the Naz went from +25 to +80....this morning, futures up +40, and BRCD is down a point...stock clearly seems to be weakening (short-term), and that is to be expected after 10 straight up days...also EMC announced earnings yesterday, so all storage had a bit of a run-up into it...I don't intend to hold the short more than a couple days (at most) Of course, shorting tricky in this market, and should be done VERY selectively, but risk/reward on this one pretty good...worse case, looks like I get out with small gain..thanks for your thoughts..

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