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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (25018)	8/21/2001 10:05:01 PM
From: westpacific	Read Replies (1) \| Respond to of 30051

Listen, I must emphasis, being LONG OR SHORT HERE is very, very risky. If you are not a trader and sitting on the SELL button do not PLAY THIS MARKET. We did not get one key confirmation today - this market is NOW IN BEAST MODE AND CAN DO WHATEVER IT WANTS. HIGH RISK MODE I LIKE TO CALL IT. IT CAN GO EITHER WAY, a massive rally or a massive tank. Flip a coin. It really is difficult to call, one other indicator needs to fire off to be comfortable short. I REPEAT, PLAY LIGHT - DO NOT GET CARRIED AWAY. My plan, I scalped and covered a few shorts today, I plan on covering up 1/2 my positions after I see how the open reacts. My core I will let ride, they are in bloated pigs that do not have the chance to run to far and in less known names. All the best West