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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (46073)	8/22/2001 6:19:57 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

exactly,Fleck calls XP,DOA:) Well 1818 was the reversal point with ADX going from a very high 66(on 60-minute) to 44 from that point to the close. My posts about having waves of short profit taking i think was probably the source of this "rally". BTW,one of biggest lessons i have learned,when the big money shorts have control,they will rally market to take profits and at a certain point when high enough,they re-short(and some are buying in,before they short cover) max