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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Walkingshadow who wrote (3436)1/3/2005 8:00:33 PM
From: DOUG H  Read Replies (2) of 8752
 
Looks like a stall is in order. I'll not be going short though. My vehicle of choice (Rydex)is not conducive to short term trades which is the way you have to look at it when the longer term trend is up. (I brushed up on the 10 rules of TA trading!!!)

I would like to keep an eye out for a buy point though. Would you think a test of the rising 50 DMA would be telling? When would you look to cover your short?? With December being essentially sideways, it' hard to see much in the way of significant price support..
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