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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (14079)4/5/2001 8:07:32 AM
From: Zeev Hed  Read Replies (2) | Respond to of 30051
 
JRI, if the market can rally on "smoke and mirror" guess what it can do on real news. I agree that the coming rally is just that, a bear market rally, so was the January 3rd rally, and on that one, I had doubles from BRCD and BRCM and very goods gains all across the board, I can leave with such a "fake rally".(g).

Zeev



To: JRI who wrote (14079)4/5/2001 2:39:06 PM
From: Ted Downs  Read Replies (1) | Respond to of 30051
 
Looks like some substantial short covering. I expect this rally to build into the close. If the numbers are good in the AM and the Chinese mess gets settled then shorts are going to have to cover again or get creamed . Not a good time to hold short positions anymore.


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