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


To: xcr600 who wrote (36961)5/7/2002 11:34:21 AM
From: Johnny Canuck  Respond to of 69344
 
Thanks x,

They is still an amazing large portion of the float short. Let's see how it reacts after a day or two, once the short term effect of the denial wears off.

FWIW, sloppy buy signal generated on the COMPX and SOX. The morning session counter rally should start about now also.
I don't expect much staying power given that the Fed and CSCO have yet to announce. Funny thing is that most people seem to think they will be non-events and as a result be just a pause before more selling.