WR's Momentum Trades Message Board

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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (9644)	3/13/2001 9:38:10 PM
From: Bernard Ng	Read Replies (2) of 11130

The rally might continue because of the FOMC meeting... then I think it's a short heaven again... Yes, I think this is a false support, and drag more people into the fantasy of catching the bottom... even if we did bottomed, people shouldn't even dream of having the good old days back, like all the way back to NAZ 5000... I know you guys won't, but I'm sure some lurkers will think this way... It's not possible, can only happen in their dream. I'm ready to short again after the rally. Also agree with Chris 1st resistance level... it's around there at most, then it will tank again. Dow is going to tank too... I think... ;-) Been late in the shorting game, but so far I have captured over 1500 points shorting into every rally, and people keep trying to catch the bottom... they need to see a doctor IMHO. Bernard

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