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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (36622)9/5/2000 10:43:25 PM
From: bazan  Read Replies (1) | Respond to of 79315
 
Doug,
Given the fact that the markets could be poised for a breather I continue to look for potential shorts.

alsi - IL violator.... looks like we got our blow off top today... you were looking for 500k and we got nearly 800k. You wanted price bar that spanned 3 or more points and you got over 4 points not counting the gap. It did however finish at the high.

So now what? What would your next steps be? Initiate a short once it breaks the 9/1-5 trendline or is there a way to capitalize at this higher price assuming it doesn't take off tomorrow?

Regards,

bazan