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

To: JustTradeEm who wrote (22199)	5/10/2001 6:15:19 PM
From: American Spirit	Respond to of 37746

You believe stocks only go in one direction? They went down today so they'll go down again tomorrow? That's the rule? Come on, we've had a rally and a sell-off both every day this week which have resulted in a stand-off with a slight edge to bears. In this particular situation I see a dip today as even more bullish for the next 3 sessions because the odds of a rally increase. Last week I reasoned I might bail tomorrow (Friday) if we rallied enough this week thinking the rate cut would be priced in. Well it hasn't been. On the contrary. Now it's getting priced out. So the upside is even greater. All a matter of opinion of course. Go ahead and short if you want. If you believe the Fed cut will make no difference. But I would think that an awful lot of shotrs will be covering before close tomorrow. Hard to think of any reason to hold shorts Monday and Tuesday esp since we've already done some selling off the past few days.

To: JustTradeEm who wrote (22199)	5/10/2001 7:19:46 PM
From: Mike M	Read Replies (1) \| Respond to of 37746

In the interest of fairness, it is a market of stocks. Some of the companies he has championed have done quite well. Some are oversold on the stochastics on the daily and/or the 60 min... There is plenty of doubt how the market may react to whatever decision that the Fed may make. You "pays" your money and you "takes" your chances, as they say. velo has a very good understanding of TA. After April, however, I doubt he is very quick to bristle about someone second guessing his market calls. The two have been on opposite ends of the market and both have had something to crow about this year. You and I both can use a little of both sides of the argument. Remember, there are no sellers if there are no buyers, and only time horizon, determines the winners and losers.