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

To: Les H who wrote (61361)	10/24/2000 4:15:17 PM
From: ahhaha	Respond to of 99985

The only way to go short GLow Worm is to make the assumption that it completes its 6 count consolidation over the next several days at 109. You don't go short there. You wait until it fails and maybe you can get 105. I say the next several days because if the market can jump up quickly taking the Worm upward on short covering activity rapidly, you know we'll get a good buster. The DOW has to rise several hundred points by the the Thursday close and you have to see all the wrong things developing too. That seems likely and that's how you play the short side. If the market doesn't do this, you don't play. Never do what the market is doing. Only play when it is doing what you need it to do.