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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (9676)6/20/2001 6:27:25 PM
From: Justa Werkenstiff  Read Replies (2) of 52237
 
Don: The Nasdaq is oversold by many measures as your technicals indicate. I assume you have an inclination to go short because of all the breakdowns in various sectors. But I surprised that you are inclined to go short without a sell signal first. It seems you have decided that the next rally will fail no matter what. But what is the risk/reward of shorting before you get a sell signal especially with an oversold market like we have here? And what would be you exit strategy? Would you be waiting for a Class One Buy as an exit or a oversold reading? And would you act on such on a Class One buy signal should that appear when you cover?

Thanks. I am just curious and mean nothing by asking this question. I am considering getting long the next leg down.
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