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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (42281)	6/17/2002 3:13:31 PM
From: Perspective	Read Replies (3) of 209892

Anybody else thinking about taking a whack at things on the short side at this level? I know most of you gents don't hold overnight, but it seems like a fair amount of fuel has been spent here, and I'm considering ditching my hedges and exposing the short positions again. We're up pretty good, and this corrective, upward sloping goo seems like it will probably not have the impetus to make it over 1155 on the first attempt. Maybe a wave 4 of C of this expanded flat will start shortly? Curious to hear thoughts on whether we need a little chart-chaser overthrow of 1155 before it can bend back down for a retrace. BC

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