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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades
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To: Dave Gore who wrote (821)6/8/2001 2:29:32 PM
From: Jenna  Read Replies (1) of 1227
 
Look at MUSE, an exception here. I won't be holding short positions but I wanted to milk them and JNPR is dropping still and will shortly take out the low of the day. CIEN I can obviously see the move to attempt to take out the 56.25 area but CIEN was down a ton, and its bound to level off sometimes. The question arises does leveling off give you a BUY SIGNAL or just a sign to cover much of your short? I don't automatically go long because I decide to cover a short position, especially not on a day like today.
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