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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (21518)	11/19/2001 9:38:06 AM
From: JRI	Read Replies (1) \| Respond to of 209892

I shorted that open....holding back some mor for 10 AM....eom

To: AllansAlias who wrote (21518)	11/19/2001 9:43:38 AM
From: John Madarasz	Respond to of 209892

I don't think Mom and Pop have sold sh*t...yet. you're talking about a lot of in the money folks in that issue. stockcharts.com[e,a]waclnnmy[d19900101,20011116][pi!f] That thing is under distributiuon, the last real drawdown was during and after the last MILD recession in the early 90's. I'm open to alternatives for sure in the short term, but i have to maintain the courage of my convictions and not sweat these intermediate fake outs... that's what position trading is all about to me. 200 sma was always a target from early on, but i'm short here 60%,have been for days, and not particularly worried at all. Everything is rallying right back to the necklines of the bigger H/S formations. My targets are MUCH lower than higher, so far my positions are balancing out nicely. I'll let the stops do the talking from here...