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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?


To: Michail Shadkin who wrote (2786)6/24/2001 2:49:27 PM
From: ~digs  Read Replies (1) | Respond to of 6873
 
Michail could you profile MTON please? Stock is in a strong uptrend but is looking 'tired' IMO, with an ADX above 40 on its weekly chart. It splits this week and I was hoping for what might amount to some sort of blowoff top. This has certainly been a performer in 2001 so I suspect any significant selloff wouldn't occur until after end-of-quarter window dressing... which may make this coming week the optimal time to establish a short position.

What do you think? TIA