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Strategies & Market Trends : Ask DrBob

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To: FLACK who wrote (84140)3/3/2004 11:30:27 AM
From: shoreco  Read Replies (1) of 100058
 
FLACK, Nice trade. I walked away yesterday because I didn't feel I had a good read. Well my read was to stay w/in the priors days range, so in hindsight it was pretty good, but instead I spent the day with some old friends...

I didn't see the open, but yesterdays "breath" wasn't all that bad considering the price losses...

IMO, Today is judgement day...

Hold us to minimum losses and all is saved, but if the selling picks up, then I think we have a reversal of fortune for the longs (Multiple top failure on the SnP and a breach of the 50 on the Dow)...

JMO though and I'm not calling for anything more than a deeper correction before another run at the roses...

EOM
Shoreco
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