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Strategies & Market Trends : The Thread II -- Ignore unavailable to you. Want to Upgrade?

To: Ian McGuire who wrote (7250)	11/3/2002 9:06:11 AM
From: gypsees	Respond to of 9026

Thanks for the info Ian. Important to be nimble next week methinks. I have been waiting for this pullback to get my cleepers on some good long positions to swing on the next leg up. But I am keeping a sharp eye on support in case the "overdoing it" continues on the pullback... Seems that the market is getting much better at doing the un-expected and I don't really trust it much..lol.. ", things are indeed getting strained here.....1390 (not sure of exact # - dont have charts up) should be a formidable obstacle and definitely aug/22's 1425 threshold will not fall without effort; volume is underwhelming...new highs nowhere near where i would like to see them ...this is without question a time to exercise caution if initiating new positions and also a time to be trailing up stops and consider taking profits on existing positions....a nice retrace is looming"

To: Ian McGuire who wrote (7250)	11/3/2002 10:17:04 PM
From: charlie mcgeehan	Respond to of 9026

there are so many perfect shorting setups i've been licking my chops for sooo long now. i do believe we go higher tomorrow though but and i do mean but ...this might be the final move up and then the pros may fade it. volume is low as you said, losers are often outpacing winners, the NDX and S&P are about the same area as a week ago. we are at or about resistance everywhere and we are overbought...funny i am still on the sidelines. i think the move will be strong when we get it but I HAVE NO CLUE WHICH DIRECTION. all my intuition says short but i will watch a while longer. charlie