Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who wrote (264)	5/5/2001 5:40:34 PM
From: GraceZ	Read Replies (4) of 6873

FWIW I have a chart on ITWO on my site. According to my money flow analysis ITWO does not look like a good short unless you are laboring under the assumption that this whole market move up from April 4 is BS (there are several good arguments that it is) or you are just looking to scalp a few points when it drops down to previous resistance. members.home.net Then choose ITWO from the upper right hand frame. You can see that all the indicators are in an up trend and red has just cut it's down trend. Institutional buying (green) is strong along with money flow (blue). Take a look at the chart for BEAS if you want an idea of what a good short looks like using this type of analysis. Notice the cliff-like appearance of the green indicator after 20441 (scroll up to see numbers on the bottom)that's block selling and it's taking the blue (money flow) with it. Turquoise has gone into a downtrend which means the stock price is more vulnerable to selling.

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