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


To: Dave O. who wrote (5096)10/31/1999 9:31:00 PM
From: dpl  Read Replies (1) | Respond to of 18137
 
You took the words right out of my mouth.It depends on how short term one is.

David



To: Dave O. who wrote (5096)10/31/1999 9:31:00 PM
From: TraderAlan  Respond to of 18137
 
Dave,

Yeah, real breakouts always look that way early ;-)

Alan



To: Dave O. who wrote (5096)10/31/1999 9:54:00 PM
From: TraderAlan  Read Replies (1) | Respond to of 18137
 
Dave,

Seriously I doubt we'd disagree much with each other. It's all a matter of time frame. I'll have no problem selling short this week if the opportunity arises. Big move up, big retracement maybe. But we're both short-term. My comments are directed at the 6-8 month range we've been in. A lot of evidence is mounting that it's about to break open. And considering we're moving into major positive seasonal bias, up is the way I expect it to break.

With so many retailers worrying about a pre Y2K selloff, I think there's almost no chance that will happen. Any Chicken Littles bailing out will be immediately taken up by someone else who sees a bargain.

This reminds me a awful lot of 1994. The bottom there wasn't until the end of November. But what followed was just amazing.

Alan