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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: d. alexander who wrote (24032)	10/18/1999 12:15:00 PM
From: shasta23	Read Replies (3) \| Respond to of 68247

Doro! I wish! But i had this overly strong tendency to go on the short side when the market was going up and therefore tried to focus more on the long side lately. That was a mistake. But i'm actually just watching the whole thing right and was looking for some longs on a rebound. There were some good long setups but they didn't work today obviously. Amazing also how the winners of yesterday (e.g.VRTS) are getting punished today. But so much for "the majority thinks the bottom is in". That's a clear contrarian signal for me. Interesting though is the fact that CLint thinks that the NAZ is oversold. Well, now he can say that even more and he might be right and we could get an enormous rebound if earnings on the big guys are good tomorrow. I can already see the headlines "rate fear dwindles and wall street focuses more on earnings!". What a joke. Stocks i'm watching are DISH,CMTN,LTXX(holds up amazingly) etc. I actually bot some IFMX for a long term hold right off support at 6 9/16.First part of a larger position... Right now the NAZ get's creamed but Dow still holds in striking distance of 10k. A close above 10 k is still a good possibility. Stefan