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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (77576)	7/18/2003 3:59:37 PM
From: Perspective	Read Replies (2) of 209892

Maybe I'm not being clear here. That stock just made a new 52-week high four days ago. When I go short it, it will be nowhere near the high. The problem is that you can't tell how high is high. You must await downside momentum, and then fade a bounce to some logical resistance threshold that provides you with a good stop. I guess if you've got a really good feeling about it, you've at least got the all-time high to stop at, but I'd much rather wait for some evidence of selling pressure. Review some of the topping behavior in 2000: stockcharts.com[w,a]waclyiay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G stockcharts.com[w,a]waclyiay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G They will go down for months. Go short when you can prove to me there is a downtrend in place, you silly bear. <g> BC

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