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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (5336)	11/13/2001 6:51:46 PM
From: Sully-	Read Replies (1) \| Respond to of 99280

"A .618 re-trace of the rise from 1383 to today's close would take us to 1700, which is 11% lower than we are right now." Wouldn't that retrace take us to around 1580'ish, which is about 16.9% from here? FWIW, I tend to agree with your POV. Ö¿Ö

To: ajtj99 who wrote (5336)	11/13/2001 7:00:39 PM
From: MKT_entropy	Read Replies (1) \| Respond to of 99280

ajtj99, what arguments would you use against going short, now, with a 3-4% stop loss if the upside is as little as 2 1/2%? This hot-air baloon seems to be more and more attractive... M_e