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To: AllansAlias who wrote (84589)3/23/2001 10:24:25 AM
From: Shack  Respond to of 436258
 
Fair enough. Indeed I am not short as of yet but the trading action is telling me we have a failure on deck. I will ease into it this afternoon unless I see something which changes my mind.



To: AllansAlias who wrote (84589)3/23/2001 10:29:18 AM
From: yard_man  Respond to of 436258
 
good to have a voice of caution here ...

In the mean time the banks are retracing a little



To: AllansAlias who wrote (84589)3/23/2001 10:33:28 AM
From: Earlie  Read Replies (2) | Respond to of 436258
 
Allan:

Good sized volumes in yesterday's sweethearts and they are not really cutting through the offerings. But, the NAZ is still holding its gains while the Dow is bleeding. Rotation continuing to the techs, but with either less enthusiasm or heavy distribution? Time will tell, but I'm craz-glued to the desk for this fun and games session. If the Naz can't regain its momentum, .....

It strikes me that this is the kind of day when we all should be quick to post ANYTHING that looks like it is significant.

Best, Earlie



To: AllansAlias who wrote (84589)3/23/2001 10:33:53 AM
From: Perspective  Read Replies (1) | Respond to of 436258
 
I see the Dow having just completed a 3 of a 3, which would place us in a week-long 4. That would be a stable enough environment for Naz to assemble a serious short-covering rally.

I'm wrong if Dow takes out yesterday's low.

I see Naz done with five waves down, ready for three waves up. Lost count on the bigger timeframes - but I still can't count Dow 1929 anyway.

BC