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

To: yard_man who wrote (52100)	8/31/2002 10:13:24 AM
From: AllansAlias	Read Replies (4) \| Respond to of 209892

Rydex numbers gone super bearish. Not good for shorts. I can not understand why folks would add many shorts on this past Friday, with the exception of a wee Dow short at that high we tracked. The action confirmed nothing. Weird. Do you remember before we had that last ramp I said that I was sitting and waiting for confirmation before going in for the kill. I feel exactly the same way now -- it feels exactly the same. All I did this week was lighten up shorts. If we head down by Wednesday, 'cause Tuesday should be up/sideways, I was ready to add shorts. Well, these numbers give me pause. A few issues broke down this past week, but the indices confirmed nothing. The Dow is still in an up channel and tech blasted out of some lows and then made some jello for a day and a half. How anyone could see it pointed down hard from here is beyond me. Then there are financials. How many posts have we had this week on those things. Have they given the all-clear yet? Nope. Where's the confirmation?