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Strategies & Market Trends : Classic TA Workplace

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To: martin001 who wrote (77425)	7/15/2003 11:01:01 AM
From: bcrafty	Read Replies (1) of 209892

martin, I read your comments yesterday about that one. I made a quick four nuts on the long side on that one last week and got out. However, it seems that your implication is that that CHRB has weak/nonexistent fundamentals and thus might be a good short. That's fine, but trying to find any shares to short is next to impossible, so I'm not sure what your point was other than "don't go long this one." If so, that point is well taken. The point that I thought bobcor was making, however, was that he felt that if the stocks that he mentioned of that sector have a significant correction below its 50 dma or support trendlines then that would be for him a key indicator of a decline for the rest of the market. I would tend to agree with him on that point.

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