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Strategies & Market Trends : Classic TA Workplace

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To: Jack of All Trades who wrote (57873)	10/28/2002 10:39:52 AM
From: JRI	Read Replies (1) of 209892

This thing can of course grind higher...seasonally speaking....EOM speaking....I guess "stochastically" speaking it could as well, although it is usually not the place (buying short-term overbought in a bear market) that has paid bull dividends.. Some other indicators (vix, p/c) are showing more complacency among bulls last couple sessions.. Toss this salad up and your guess is as good as mine..but had a caught the 1st leg up, I'd be selling.....if I was looking to get in, I'd look for pullbacks, and let any (upside) profits go here. You think the r/r for longs makes sense here (short-term)?

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