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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (49194)	8/6/2002 9:52:56 AM
From: AllansAlias	Read Replies (2) \| Respond to of 209892

A rally lasting Tue-Thu next week? An 8 day rally? That seems most unlikely to me at this point. I think tech would be lucky to get another day out of it.

To: marginmike who wrote (49194)	8/6/2002 10:11:34 AM
From: yard_man	Read Replies (1) \| Respond to of 209892

you are allowing yourself to be whipsawed -- stay short FNM and don't add longs <ng> As much as manip is talked about, and I believe something happened couple of weeks ago Wed and we all know that there was intervention in '98 -- the direction of the market can't be moved to suit options writers or anyone else for more than a very short period of time. COuld the market go flat through expiry or even see a higher high? Of course, it is possible, but given recent history it is considerably less likley than new lows.