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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Mike M who wrote (20676)5/5/2001 9:01:12 AM
From: Paul A  Respond to of 37746
 
Great post Mike..

I was upset to see the gap down yesterday because I went into the report very light.. so I wasnt too upset to see it move higher other then the fact that it did the complete opposite of what I expected..

Still the sector I follow the most didnt move.. well it moved down actually..The semis.. and Ill be taking on short positions on Monday and bailing Tuesday if they give ciscos report the thumbs up.. but I still dont think the break is real..

but your right.. gotta make sure we dont get to confident about our speculating or it will mop up the floor with us :)



To: Mike M who wrote (20676)5/6/2001 8:31:15 PM
From: velociraptor_  Read Replies (4) | Respond to of 37746
 
Never said stochastics cannot stay nailed to the ceiling, but it's not the kind of environment to be long in. The market could very well keep going up, but for this indicator, the odds are definitiely not on the long side.