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Strategies & Market Trends : Shorts waiting to happen

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To: dppl who wrote (387)8/1/1996 9:21:00 PM
From: Cadaver   of 852
 
dppl,
Whenever the market doesn't agree with my predictions, it's been a sign of a reversal. If market doesn't slip after Friday's news, good or bad, I would sell my puts and buy calls. I'm worried about INTC and CSCC altho INTC looks like a proper set-up. We will know for sure when it corrects. MSFT's volume was slightly higher today, but somehow it's not getting me very worried....yet. I see signs of reversals in ASND, IOMG. I'm cautious now and getting ready to switch sides. This may still be a sucker's rally, but that's what I thought during the recovery after the March selloff and it turned out into a proper bull market.

It's times like these that really test our judgement.

Good Luck,
Cadaver
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