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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Gersh Avery who wrote (7160)3/30/2005 12:16:50 PM
From: Walkingshadow  Read Replies (2) of 8752
 
Indexes close to the highs now, but backing off a bit.

Short is okay if you are patient, but you might be underwater for a while....I anticipate some relief here before further downside. So I am still long, but I'll join you short at the 20 sma or 50 sma depending on how volumes and momentum shapes up as QQQQ approaches that resistance.

But I realize you are operating in a different (faster) time frame than I am. I can't watch things closely enough, so I have to trade in longer time frames.

T
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