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


To: Johnny Canuck who wrote (32554)6/1/2001 12:58:31 AM
From: Suresh  Read Replies (1) | Respond to of 70468
 
Hi Harry,

I was net long for the oversold bounce. However, I have trimmed some long positions and have established new short positions on the spike today. Probably I would say I am neutral about the market now.

Fundamentals doesn't support current levels of many stocks.... I'm not sure if we just buy time until the fundamentals catch up or just go down to match the fundamentals. IMHO we are just postponing the inevitable.

Later,

Suresh