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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (8539)8/1/2001 8:35:48 AM
From: AllansAlias  Read Replies (3) of 209892
 
If this gap-up holds, then it will be it. Still, I have found that on these sorts of days where one is looking to short the gap-up, there is usually that one last push after an initial pullback, often to a marginal high on a quickie pop. That's what I'll be looking for to short.

JRI, I think it's better than an even chance that futures drain so that we open at not such an ecstatic level. The high this morning matched yesterday's intraday high.

Don't ya love this upgrade game. Now that smelly is breaking out and everyone is calling the bottom of the cycle (as if), we get the upgrades. Watch MER unload!
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