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

To: Ted Downs who wrote (71364)	3/6/2001 10:28:40 AM
From: Casaubon	Respond to of 99985

if you mean initiate shorts here, I think it might be dangerous. There is a possibility that a counter trend rally will develop from this. I am looking to possibly enter some long trades. Then, if a rally gets back to resistance levels reshort. If this thing peters out by the end of the day, I think the permabears will have renewed confidence. If it closes strong, there will most likely be rapd follow through of money looking for investment, which causes the remaining shorts to cover. So, I would look to short at higher levels, and get long on some issues as they break though resistance here.