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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (32416)	5/22/2001 3:51:20 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 70309

Thanks Suresh, It will take a while for a short squeeze to materialize. Are you still net short at this time? The market looks like it can go higher after a brief rest. The semiconductor BtB is the only thing on the horizon I can see that can derail the current move at least till the economic data comes out at the end of the month. The market looks like it wants to go to 2450. If the market is more stable, the holdiay effect will be present. Tomorrow should be a minor sell off with a rally after the holiday weekend.