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To: sun-tzu who wrote (131419)10/26/2001 6:49:00 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Nicely bearish take from the legendary Baja Fish Taco from Bear Forum:

bearforum.com

Selling half my longs at Nasdaq 1764

Posted By: Baja Fish Taco
Date: Friday, 26 October 2001, at 2:33 p.m.

Timing-wise, I see this rally peaking next Monday morning. Yesterday's ramp lasted just under 1 day. Then we had a 2-hour sideways consolidation which ended just before noon. I expect one more upleg, which should be similar in duration to yesterday's ramp. That means a peak next Monday morning.

This little afternoon upleg seems too small so far. But that could be it for this rally. If we break the previous swing low at 1765, I'm selling half my longs.

This rally has met my minimum requirements, which is 10%. It has rallied 10.14%.