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Strategies & Market Trends : Classic TA Workplace

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To: 4rthofjuly007 who wrote (42097)	6/14/2002 10:33:21 AM
From: AllansAlias	Read Replies (1) of 209892

Nice rejection of the new low. It'll be interesting to see how far this can go if it gets into the gap. I know that we have high short interest, but the s-t shorts have mostly all covered, so I doubt there is that much fuel for a squeeze in this area. It would need to push significantly higher to get the longer-term bears to cover. Interesting to watch and that's all I am doing for now. That pitch this morning was the first one I have seen yet that looked a bit large. Still waiting for the fat one. At this point, either: 1) More fear and my Dow target of 8800 (and the other conditions I previously set forth). 2) A nice push up that takes out some resistance older than a couple of hours for goodness sakes. We can then go into "brother leg" mode on the long side.

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