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

To: jjstingray who wrote (52876)	9/9/2002 11:31:32 PM
From: The Freep	Respond to of 209892

JJ -- if I really thought we'd get a rally post 11th, would I have admitted that I added to my short position? Sure, I'm not talking Sept puts or nothing, but still, it wouldn't make sense. I do admit I find my position "dangerous" in that we could easily have a big gap up Wednesday OR Thursday, but when I look at the charts only, I don't see continued up right here and now (though I don't see new lows before expiry, either!). Mind you, I don't know for sure. Everyone predicted a big selloff into the 11th. That hasn't materialized. We rallied on July 5th. . . and then plummeted. Remember, GWB speaks to the UN on Thursday the 12th about Iraq. I think that should overshadow concerns about terrorism. And again, volume is still small, so anything can, and likely will, happen. Yeah, I know I was asking for bullish scenarios, and I admit I don't have a great one. Rather than bullish, I could see a range, I guess. Again, I dunno. But while I think we might have a little more up tomorrow, I think the next decent size move is down here. But as AA would say. . . I won't be stubborn! the freep