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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: Baton who wrote (403)10/11/2001 8:46:02 AM
From: moufassa7  Respond to of 13660
 
Baton, it appears the NAZ may open above last week's high of 1641. This is a breakout and could be very bullish. Considering that the market was so oversold, with most either short or in cash. The odds of shorts covering or those in cash wanting to go long, out weighs the odds of longs selling. IMO.



To: Baton who wrote (403)10/11/2001 8:50:26 AM
From: moufassa7  Read Replies (2) | Respond to of 13660
 
Everybody is worried about an external event. What if the next event is the collapse of Taliban and Bin Laden? I'm sure that would spark a very strong short term meltup.


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