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To: AllansAlias who wrote (19366)11/5/2001 1:49:59 PM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
Hmmm What is the spin on this rally? Is it pre cisco earnings hope or the instant righting of the yield curve by eliminating the long bond? All I know is I wish I had held my QQQ over the weekend. It really would have been coin flipping so I dont feel too bad. Thinking about anticipating the turn but not sure if it would be foolish to bet against csco pump and the fed. I would imagine alot good news is priced in at this point but you never know.

Who thinks it a good idea to make a position short at this point?



To: AllansAlias who wrote (19366)11/5/2001 1:54:58 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
This thing is barely a diagonal now and arguably I see 5 waves off the 12 PM low which is not characteristic of diagonals.

I think this thing is more likely to turn right here or very shortly.


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