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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (12546)	2/20/2002 2:04:48 PM
From: rocklobster	Read Replies (1) \| Respond to of 26752

my original scenario was for a low of the day around the 2:00 to 3:00 timeframe as per the 4DML.... but it doesnt seem to be happening, and the five minute chart on the nq's suggests that a short squeeze may be in the making here.. The reason I think a short squeeze is coming is because this latest hour plus rally has had almost no significant pullbacks, and I've noticed that rally's like this are often short squeeze setups, because they slowly bleed up without letting shorts out, but without hurting them quickly enough. Kind of like putting a frog in hot water. if you drop him in the hot water he will just jump right out.. but if you drop him in cool water and slowly heat it up, he will just boil to death.. kinda like what they do to shorts...slow bleed up...building into crescendo where everyone starts covering in panic.. at least I've saved myself some pain...I wanted to short nq's and they've gone up ten points while I wrote this..LOL rok