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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: bobby beara who wrote (12141)5/8/2002 4:09:40 PM
From: marginmike  Read Replies (3) of 19219
 
massive rallies in one day like this are usially Bear rallies, however massive volume and Dow action last two weeks sure would make someone short a litlle nervous. Though I am hedged my IBM short up 4-5 bucks at 3:58 yesterday sure are painfull today. If this is a real bull move id expect alot of false starts and retrace. If tomorrow is another day like today I would think it was bearish. to much to fast is not bullish IMHO
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