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

To: Not_Active who wrote (6421)	3/20/2001 11:54:00 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 8925

I suppose its only going to be nasty for people fighting the trend. Still, just musing here - Today's net performance may be as simple as traders having ramped the market up yesterday making it dangerous and short-term costly ground to defend. I could see a diabolical scenario develop in the am - a gap down and a strong rally across the board would really shake up things. Its not hopeful thinking or anything of the short - I care not which direction it moves although I certainly would prefer price not move sideways ;) I'm just trying to think of scenarios at turning points that will upset or surprise more people. That's about the only one I can come up with, at least not without more wine. The alternative - keep on selling down, seems to be universally expected now.