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Strategies & Market Trends : Classic TA Workplace

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To: Jerry Olson who wrote (78140)	7/31/2003 10:32:47 PM
From: AllansAlias	Read Replies (1) of 209892

Disagree Jerry. Forgetting the stick, which I don't think is similar, we had a breakout failure today. You and I have talked about the "thin air" up here for about a month now. If one wasn't already light on the long side, today was a warning shot for anyone significantly long. No time to be taking anything but small long-side risk imho. Bank charts are too scary looking after today's close. Hey man, if I am wrong and we close up on the week past that big-ass Dow line or 390 in SOX, I'll be the first to think about adding some long exposure.

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