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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Jordan who wrote (11379)8/17/2001 2:06:34 PM
From: SusieQ1065  Read Replies (1) | Respond to of 208838
 
You would think the shorts would cover today, but Jerry says we may end down.



To: Jeff Jordan who wrote (11379)8/17/2001 2:09:36 PM
From: SusieQ1065  Respond to of 208838
 
Yikes.



To: Jeff Jordan who wrote (11379)8/17/2001 2:32:07 PM
From: ChrisJP  Read Replies (1) | Respond to of 208838
 
Hey Jeff, it sure didn't take you long to realize I'm good at "shooting the bull". lol

You would think that with a rate cut coming and with the money flow indicators as extreme as we saw today that maybe things will bounce. In this case not from buyers like you've pointed out but from short covering that wants to take some short term profits.

Doesn't look like anyone's bargain hunting today, that's for sure.

A few more months of low volume where neither shorts nor longs make "fast and easy money" will be a sign that the REAL BOTTOM to this market is happening.

BTW -- I'm still watching EXTR. I probably should have been trading it instead of watching it. But for what -- fifteen cents ? Zzzzzzz. <g>

Chris