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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (26797)1/5/2002 9:52:11 PM
From: Justa Werkenstiff  Read Replies (1) of 209892
 
Allan: Re: "I tend to try to be cute. It's not necessarily the best strategy. This is a nice level to accumulate shorts. I said the same thing the last time we were here on Dec 6. This market *will* well push some yet, but shorts from here will look good in a month."

All good points, but what index will you key off of here in your short term plan? INDU and SPX looks strong with three white soldiers in a continuation pattern going into Monday. They just did the 200 DMA which will embolden the bulls more. Rydex seems to show increased Titan activity on Friday.

Comp. and Sox and NDX, on the other hand, have reversal sticks. So one scenario is that the broader market goes higher and holds a flat/slightly higher together for the Nasdaq.
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