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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: adcpres who wrote (5449)	4/10/2001 12:10:55 PM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 52237

We have a melt-up here. Shorts are covering. Could be a bad time to go short.

To: adcpres who wrote (5449)	4/10/2001 12:46:03 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

I've done a couple of scalp shorts in futures this morning as things stalled - just being cute - as I have fully expected this melt-up, but certainly have made more on the long side today. So far this move up is playing out more or less as I expected, and have been talking about since 4/04. Anything short of plunge here will be viewed I think as a gift by shorts and longs alike. SPX, NDX, COMPX all have made higher weekly bars than last week; the odds are rising in favour of a more sustained move. Could be a day, could be 14 - 30 days, who knows. Anyone that knows me knows I favour the short side, so this is just what I see, now what I feel. And yes, even I bought some tech and other stuff after the test on 4/04.... Just for a trade.