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Strategies & Market Trends : Intraday Updates, Analysis & Strategies for Daytraders

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To: Dave Gore who wrote (472)3/17/2001 2:04:25 PM
From: mohammedg  Read Replies (2) of 589
 
By the way, the easy shorting is over, so most who are not highly experienced in choppy, whipsaw market trading would probably be best served to be very careful and not lose anymore capital. Excellent commentary, I will have to take time to read the commentary from the last few weeks to keep abreast of the issues. Short trading is now like walking a tightrope, long trades have more upside, its only a matter of days before we might think of resuming going long. I myself have been trading only 6 months but watch carefully from those that have succeeded and according to what I've seen, the shorters were still holding their shorts waiting on a last ditch expectation that Allen would only lower the percentage rates to .5 leading to one last hoorah for the shorters. This might happen but its a gamble.
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