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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: mcweazy who wrote (63942)12/1/2000 8:22:32 AM
From: Walkingshadow  Read Replies (2) | Respond to of 122087
 
mcweazy,

Good trade. Covered all my shorts except AFFX, and will likely cover that after the open. Today is not the day to be short. Too much evidence of a short term bottom, and many beaten-down stocks now showing buy signals, including CIEN and EMLX. I'll re-short them another day, but may well be long tomorrow. Both have a lot of downside, but not tomorrow. Naz futures have been rising all night, now have pulled back some, but are still up 2.7%. The bulls took over midway through yesterday's session, and look to keep control tomorrow.

From my perspective, that's great. I'll go long, then await the time when these stocks again test resistance at their declining 10 and 20 day moving averages, where they will very likely fail hard once again. I'll be there, ready to go short again, you can be sure.

Some potential customers for tomorrow:

askresearch.com

askresearch.com

askresearch.com

askresearch.com

There's lots of other possibles.

WS