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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (6305)	7/5/2001 2:29:07 PM
From: JRI	Respond to of 209892

Its my hope......that since the data I saw for NYSE (and COMPX?) from was June 15th....that the past 2 weeks was a lot-of-shorts-covering rally...... I guess there's no way to know.... I, too, am uncomfortable with that many shorts out there.. Hence, my preference (and continued preference) for a headfake above the downtrend line off of the high and the 50 day DMA (and maybe breaking H&S up)....to generate a wad of short-covering.....and then the real COLLAPSE..... Would be tricky/nasty to play.....but is probably the best way I see for us to get sentiment to ridiculous levels, short-interest down, and get us right in that July 17-21 window (better than any other scenario I think)... Is likely a long-shot, I know