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Strategies & Market Trends : Sharck Soup
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To: besttrader who wrote (25825)6/1/2001 9:09:47 PM
From: Paul A  Read Replies (1) of 37746
 
I disagree with you Knight.. Low volume, indices advance... still dosnt jive with the fundamentals..

Using short interest on low float stocks to try and grap a squeeze is ok- but typically if there is a huge short position, there IS a reason for so many bears to feel that way.. and right now its as simple as there is more downside then upside.. err in other words, if you play it like I am- with stops set in the area of nasdaq 2200-2250 you can put relatively big bets on the table and just stop out if we close at these key levels.. but if we break 2100? 2000 should go.. and thats what I want..

now to be honest- aside from the volume, I guess in retro. I really WAS surprised to see the market perform so well today.. This is some hard crap we are dealing with here and I bet its only going to get harder.. Good luck out there!
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