Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: t2 who wrote (19887)	1/9/2002 12:49:44 AM
From: Robert New	Read Replies (1) of 99280

New Vision I'd be very careful shorting right here. Many stocks are putting the finishing touches in on a 6 month Inverse Head and Shoulders pattern and if these start breaking out look out above. You could see a short squeeze of massive proportions. Take a look at the yearly charts of KLAC, BRCM, CHKP, SEBL, etc...and many look like they are consolidating right under resistance. Take BRCM for example...if 52.33 goes on volume this issue will rocket. Also re VRTS and EMLX until their uptrends get broken Im staying long those issues. Some are calling for a double top here...i say otherwise. Have been bullish since 9/28 and posted as such on the Market Direction Thread and remain so thanks to liquidity, seasonality, the huge short interest, etc. Until the shorts stop shorting every rally re the put/call we go higher. Time will tell as always...Rob

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