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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (41104)	6/5/2002 6:33:50 PM
From: Shack	Read Replies (2) of 209892

I would be comfoprtable with a short position right here. I don't see much support at NDX 1155 which is where we stopped for whatever reason and would be very surprised if it held. This bounce looks like chit as well. Smelly didn't even ramp near the close. I bet there was quite a few $$ sucked into that ramp judging from the volume spike and will be fuel for a decline if we don't see any follow through tomorrow. In fact I wouldn't be the least bit surprised to see a gap down tomorrow.

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