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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (5093)10/31/1999 4:18:00 PM
From: KM  Read Replies (1) | Respond to of 18137
 
I totally agree with you and was gently trying to nudge all my favorite bears into covering and going long on charcoal gray Friday and dove gray Monday <G>. Yet, they're trying to call a top now after two days of rallying, looking for abandoned babies on the charts, etc. Someone call child welfare!

It's so much easier to be a monkey with a buy key, isn't it <G>



To: TraderAlan who wrote (5093)10/31/1999 8:14:00 PM
From: Dave O.  Read Replies (3) | Respond to of 18137
 
< I'm believing the NASDAQ breakout is real >

I'll be the contrarian and say that I see a lot more overextended stocks, ripe for shorting, than long candidates. Yes, this breakout may continue upward but for me, the game is about probabilities ... and shorting some of the very overbought candidates seems to be a better bet at this time.

Dave


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