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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: indexit who wrote (42887)	8/24/2001 12:12:54 PM
From: FLACK	Read Replies (1) \| Respond to of 100058

indexit "this market looks strong, not that I do not think we can get some sell off, on Friday can drift down from 12-1. Still thinking of going short?" After about a 17-day downtrend, a bounce is not a surprise and fighting it would be silly. I'll watch the next couple of days as nas reaches MA of highs (daily chart). There may be a quick short around 1:00 or 2:00... we're seeing a small rollover at the moment but since it could be another slingshot, it's safer to see a lower high and a second rollover - if there is one! "I am leaving for vegas at about 3 est, if not would be going long depending upon the close. May even go long over the phone, while driving to the airport. Trin at low of day." Enjoy your Vegas adventure! And, good luck on the long side. I'm in no hurry to join you... unless you'd like me to join you in Vegas :-)