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Strategies & Market Trends : SPARKY'S CORNER

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To: Sparky Beardslee who wrote (3544)8/28/1998 12:24:00 AM
From: Walk Softly  Read Replies (2) of 4142
 
Sparky... they're painting the tape royal... running like fleas and ticks but hiding the action from the retail folks....... check PCCC Tuesday action... this type of sucker volume gets the retailers to buy the pro out.... then slam.... I'd short any rally tomorrow.... problem is, their just isn't any value in the DJIA and the paltry 920mil shares traded is only a shadow of 10/28/97 1.2bil reversal volume, just not enough traders around for a reversal, they're all on vacation or running from hurricanes.... R2K made the predictable 365.... if no reversal here tomorrow I'll be looking for 320.... SPX here comes 960-980....

Here are some other prime suspects for tape painting stealth....

TSFW,GOSHA,MNMD... pro exited enmasse today.... wait for the retailers to get smashed.... even MSFT couldn't hold 112.....

Other shorts on any strength... EK,MAST,GLK,BSX,IM,NTAP,MSFT,AMTD,SYMX,

ES
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