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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (4768)10/3/2001 10:18:57 PM
From: Hawkmoon  Read Replies (1) of 33421
 
Yeah... but this rally has likely run it's course for now and we'll sell off the rest of the week hopefully only down to the 8700 level.. (and lord I hope this isn't just a bounce off the upper arm of the downtrend channel on the weekly INDU..

This is a period of volatility where, in the absence of specific fundamental improvement overall, people are forced to rely upon TA to an even greater extent.

At this point I would rather be short, than long and trade the swings.

Hawk
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