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

To: ajtj99 who wrote (11136)	12/6/2001 12:56:34 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 99280

ajtj, why short a momentum market before the momentum is broken? My guess is that until we go back under 2026 or so on the Naz, the positive momentum is still on. Not enough for me to make major commitments (still at 64% cash), but surely dangerous for shorting. Zeev In edit, just got in CCRD here at $19.20, I thought it would first retreat to the 414 area and let me back in, but this morning it run to $23 plus, above a major very long term resistace at $22, so i used this fast retrenchment to get in.