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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?


To: KevinMark who wrote (21314)11/22/2000 4:04:07 PM
From: westpacific  Read Replies (1) | Respond to of 24256
 
Kev - holding shorts is getting very risky!

Smart money closing them out.

What will rally is sqeeze plays, remember the rule - pigs will get slaughtered, do not get too greedy!

West



To: KevinMark who wrote (21314)11/22/2000 4:10:49 PM
From: SirRealist  Read Replies (1) | Respond to of 24256
 
I think we'll rally Monday or Mon/Tues. Then fall to 2500 Wed/Thurs.



To: KevinMark who wrote (21314)11/22/2000 4:11:04 PM
From: amadeus  Read Replies (1) | Respond to of 24256
 
agree. it will happen so fast, most will miss out.

so my expectations are similar.
ride the rally whenever it comes,
then prepare for the ride back down.

the technical damage to this market will
take a long time to heal.



To: KevinMark who wrote (21314)11/22/2000 4:19:30 PM
From: KevinMark  Read Replies (1) | Respond to of 24256
 
Edit: It will be all over for the short-term. Next year IMHO we will hit 2000-2200. Greenspan screwed up, it's that simple. Banks and corporate debt will take us to those levels, IMHO. Ride the wave back up to 3200, but then short the schemp out of it.

KM