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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (11355)	5/7/2002 4:00:05 PM
From: techanalyst1	Read Replies (2) of 57684

Mine are, but I'm using charts as I think trying to short based on what we "think" should happen won't work all that well. Once a stock breaks support on a bearish chart formation, it isn't really seeming to matter what the fundamentals are (because no one believes anything anyway). Try going for a stock with a high valuation on a break of support. However, I have to say that we have to be getting near some kind of bounce soon. Vxn is getting overbought. I closed out all my shorts today and I'm only keeping the brcm puts I bought on the open today. Should stocks rally, I won't hesitate to pick up some shorts on a selective basis if they run right back into resistance because I think that the lows are not in. TA

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