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

To: Jon Tara who wrote (8625)	6/2/2000 1:14:00 PM
From: TraderAlan	Read Replies (1) \| Respond to of 18137

Jon, Just my contrary thinking. I always look for bottoms in corrections and tops on rallies. I sure don't think we're headed to new highs anytime soon so I'm going to start to concentrate on finding where this rally swing might fail. I use these broader conditions for general defense. I made money the whole way down the last 2 months but mostly real short term long positions that I picked up late in the afternoon after getting my writing done. I'll actually short more now that some of the squeeze power is starting to get eaten up. BTW if this is like the last two years, we'll go up until the 3rd week of July and then correct into the fall. That would correspond to the conventions and stuff. Alan