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To: IceShark who wrote (24783)10/5/2000 10:22:48 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
Hmmm... getting soft here. I am out the long for an import beer.

For the scalp, I find that one always has to be suspiscious of any move up that is slanted too sharply. This is written about over and over by people smarter than me. It is not scientific, but you can just count on your long getting eaten some as it comes back to find some balance that the trend can live with. I find it a help when scalping really short-term.

I just love turning points like this (i.e., last two days). All the pretty pictures on the wider intraday timeframes are evenly balance between grinding upward and ugly collapse. Very cool.