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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (46122)4/13/2000 11:18:00 PM
From: Mike Harkness  Respond to of 99985
 
So nobody really believes we are going much lower on the nasdaq or the nyse? I have read many posts indicating a low of 2900 on nasdaq. If they really believe that then they would be shorting into every rally. I kind of get the feeling the dow and nyse will start to sell off next. I don't think it will be a huge selloff, but at least 15 percent or so. The put call ratio averaged .7 during the entire 1994 selloff going much higher on many occasions.

Mike



To: t2 who wrote (46122)4/14/2000 12:07:00 AM
From: HairBall  Respond to of 99985
 
t2: If you're not sure of a short position to take in a down market, the best thing to do is go to cash.

However, don't assume that all ships sink at the same speed or the same time...timing is key when shorting. Of course, the reason I started this thread is it is always helpful to have the overall market in sync with your trade long or short.

Never substitute overall market analysis for good due diligence on individual securities.

Regards,
LG