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To: Shack who wrote (22918)11/28/2001 3:09:04 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
Well, I am cute-g, but also I am flat, and made a good dent in the Friday/Monday debacle....(6 winners, 0 losers today)

If they can keep this pig respectable in final hour (no further tanking, and even a little up), I'll be major-league impressed (w/further up scenario), for in any other market, this sucker would close at lows, and be making lower lows...



To: Shack who wrote (22918)11/28/2001 3:12:32 PM
From: AllansAlias  Read Replies (3) | Respond to of 209892
 
XMI has a real hill to climb. It has to climb back over the Sep lows UT line that's broken and get back into that range it spent most of today in. That's a helluva tall order.

Only two conditions could make me go long here:

1) A new marginal low per the scenario you are trading long right now. (It looks like it needs it. I know you don't care because it got close enough.)

2) A blast off that I would forego and look to get in on the pullback.

Shorts beware -- the entire down on tech is inside a bullish falling wedge.