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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (35314)	11/29/2001 10:14:04 PM
From: xcr600	Read Replies (1) \| Respond to of 68614

Are you short anything right now? I've got a few but the stubbornness of this market is making me nuts. I suspect today's move was due to end of month markup. Shorts- NVDA @ 55, EMLX 31avg (ouch, heard that Etrade has no shares so a definite squeeze going on), BRCM 48 (missed the 52 ticks the other day- was on the snowmobile <g>), sebl 25.5 (pr hype machine in full force today).

To: Suresh who wrote (35314)	12/2/2001 9:06:43 PM
From: j g cordes	Respond to of 68614

Suresh, I'm not surprized at the rally.. a little at its duration in the face of projected anemic corp profitability. Its got to be the fact the system is flush with liquidity and not too many places to put it. Bonds would appear to be closer to the end of their run than the beginning.. real estate refinancing is freeing money also. Its a tough technical call, trying to time the roll over.. Bin could be caught and for a week or two ruin a put or short position.. I think that once Afghan situation is resolved the problems will begin.. market down on the news. Iraq would be a mess if it became a real buildup or threats escalated, coalition would be a challenge. State and national coffers have gone from surplus accounting to debt while employment and consumer optimism aren't breaking any records.