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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Stress who wrote (3425)11/3/2000 1:11:53 PM
From: Michael Watkins  Read Replies (1) | Respond to of 8925
 
While RMBS may well pull back, there's no sensible place to just "dive in" and short it.

Been there, done that. Lacking a method, I used to start to short high fliers based on instinct and watching them. How about that for developing stress? No thanks.

Depending on your time horizon, RMBS may run up another 6 points before a decent, higher probability, short opportunity comes along.

But yeah, at ADX 72 on the 5 minute, its bound to clunk for a bit, but for all we know will bounce and run up 6 more. No thanks!



To: Mr. Stress who wrote (3425)11/3/2000 3:22:58 PM
From: Teresa Lo  Read Replies (1) | Respond to of 8925
 
RMBS: Well, you might consider a short scalp setup here on the 15M chart, but that's all. IF the triangle tries to break to the upside, fakes and fails, THEN buyers will be trapped, and the first target to the downside is a test of the lower boundary of the triangle, and then the 20EMA15 below in the 61 area. ADX in this timeframe is 65, so yes, it's a bit stretched.

ispeculator.com

Teresa


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