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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: chainik who wrote (26127)	1/25/2003 6:06:33 AM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 30712

Chainik: Yes and it is not that I don't expect a bounce as it seems like we are channeling down in the NDX and Nasdaq and we are at the bottom of that channel. Yet I do not expect my recent short purchases to be matched again in price. And I do not want to be faked out of my shorts. I lost some positioning this way this week but look to reclaim them on any bounce at break even or better. Channel down is typically how this thing continues. Apparent channel has formed after the gap down. If this is the case, adding to shorts at the top of the channel is my plan.