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To: mishedlo who wrote (476)	8/15/2001 9:58:21 AM
From: eichler	Respond to of 2290

Mish, Good luck on those shorts. FWIW, I like the look of the EBAY chart from the short side, that chart pattern looks like it's going to roll over. But I think it could possibly rally to 71ish also. BRCD? Dunno, that one's alot further off it's recent high on the daily than EBAY, looks riskier. "We just differ on where the market is heading." Well, I think this may well be an incorrect assumption. I am currently following a time frame of 5-6 days (on AVERAGE) for up and down swings. Also, the new moon is right around the corner (Sunday) and I am anticipating a high +/- two days from then which puts it anywhere from Thurs to Tues for my anticipated high. I will allow the charts to tell me when that has been achieved. When I say the market is likely going up (called on 8/09-10...those dojis) it doesn't mean I've become a raving perma-bull. It just means I'm expecting upside movement counter to the downside movement of the previous 5-6 day period. Monday and Tuesday on the daily we got higher highs and higher lows, so at least so far for a brief period my expectation was not wrong. For me to become excessively bullish or bearish for that matter at this point, I would need to see a break out of the current confines of the support and resistance trend-lines on the daily chart pattern. As I-Mann correctly points out, we have an absence of meaningful news to provide a catalyst to move the market much either way. So, until we can break one way or the other, we have a trading range of sorts...up and down within the confines of the daily chart pattern. You can continue to short whether the ST direction is up or down and with modest targets or goals, still make money. But I think it should be harder for you to succeed when the momentum (albeit lame or weak) is shifting upside. Anyway, best of luck and I hope you are successful squeezing money out of the short side! Best, Eichler