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


To: Benkea who wrote (48337)4/27/2000 9:39:00 AM
From: Sam Sara  Respond to of 99985
 
Datek will not allow shorting on QQQ today.



To: Benkea who wrote (48337)4/27/2000 9:46:00 AM
From: Boplicity  Read Replies (2) | Respond to of 99985
 
Dear Bear, Just a little reminder. I rally in the face of bad econ. numbers is an indication of a bottom in the making.

G



To: Benkea who wrote (48337)4/27/2000 4:12:00 PM
From: Philipp  Read Replies (1) | Respond to of 99985
 
Hi Benkea:

Looks like you, me, and StingRay added a WRONG! to our record :-)

I was away from the market most of the day, but it now seems that we only got it half-wrong. Considering how the economic numbers were truly disastrous, I find it amazing that the market managed to rally after the initial sell-off;
there must have been some real buying pressure (clinging to the 5.4 %, better than expected GDP growth?). Anyway, I managed to get out of my seemingly hopeless long position with minimal losses and could have rebought my short position at a much lower price. I don't think this rebound can last much longer and plan to go massively short, probably tomorrow. I think we are close to an end game.

Good trading to all,

Philipp