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

To: HairBall who wrote (66567)1/11/2001 12:20:02 PM
From: Stephen M. DeMoss  Read Replies (1) | Respond to of 99985
 
Lg, I also shorted a small amount (500) at 621/16. I did very well on the long side today and am open to giving a little back if this rally continues unabated. Of course a surprise rate will kill us <G>. Where is your mental buy stop? Thinking like a criminal would include believing a pullback is in order. Where would you be looking to cover should the market retrace here? Thanks in advance! Steve D.



To: HairBall who wrote (66567)1/11/2001 12:46:02 PM
From: Doug  Read Replies (1) | Respond to of 99985
 
L.G: You did get your pull back but it was just a ty. blip inside the wedge. I too was fearful of that trap.

Now that we are out, can we assume the $60.25 level is a
meduim term support or must that go thru the test mill.

Thx.



To: HairBall who wrote (66567)1/11/2001 12:49:09 PM
From: el paradisio  Read Replies (1) | Respond to of 99985
 
Shorting is too danger today...why not wait for the first pullback.I would consider target 2631 on Nasdaq...
Regards,
el


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