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To: Shack who wrote (42281)6/17/2002 3:01:59 PM
From: The Freep  Read Replies (3) | Respond to of 209892
 
Anyone know what's up with the Banksters? Is this just a reaction move off the support? C sure doesn't look as bad as it did on Friday morn, that's for certain <g>

I find no real news there, so I'm guessing it's just a bounce off support but would be happy to hear other takes.

the freep



To: Shack who wrote (42281)6/17/2002 3:13:31 PM
From: Perspective  Read Replies (3) | Respond to of 209892
 
Anybody else thinking about taking a whack at things on the short side at this level? I know most of you gents don't hold overnight, but it seems like a fair amount of fuel has been spent here, and I'm considering ditching my hedges and exposing the short positions again. We're up pretty good, and this corrective, upward sloping goo seems like it will probably not have the impetus to make it over 1155 on the first attempt. Maybe a wave 4 of C of this expanded flat will start shortly?

Curious to hear thoughts on whether we need a little chart-chaser overthrow of 1155 before it can bend back down for a retrace.

BC