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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (38429)	5/8/2002 1:41:50 PM
From: AllansAlias	Read Replies (3) of 209892

This is not directed at you per se JRI, but I expect there are a number of traders who are getting more shy now having shorted this thing a few times and failed or took very small profits. Less eager shorts likely means it will very soon be time for some pullback. Agreed though that a wee pop in CSCO would make for a very nice entry, but that's too cute by half. This is the first real stall of the day. Everyone is asking the same question: "Do I jump on this short or is it the headfake to get folks to do that before a finishing squeeze."

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