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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/7/2001 3:36:29 PM
From: besttrader  Read Replies (1) of 37746
 
15:33 ET Market Action : Traders spent much of Friday's session getting short, viewing overwhelmingly positive reaction to a dismal
Employment Report as the blow-off event that signaled a near-term top in the market. Many shorts looking for stocks that doubled in April
to retrace 30%-50% of the advance. Look for traders to aggressively play support levels for bounces and breakouts for squeezes.
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