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

To: $Mogul who wrote (53345)	6/8/2000 4:28:00 PM
From: Bob B.	Read Replies (1) \| Respond to of 99985

Shorting before some major economic numbers are released could be a mistake IMO. There are too many people on the sidelines right now who have missed the opportunity to get into the last rally and who are not about to miss another one. Lets face it, the market had all week to sell off after last weeks rally. Selling is now met by buying. Intraday ranges have tappered off greatly. With good numbers tomorrow, shorters may have to scramble and sideliner who are still holding in Money Markets are going to come back. I also often short, however all of my overnight holdings are long. Lets see what happens tomorrow (and with a soft PPI especially Monday).