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To: Abner Hosmer who wrote (66740)2/19/2003 12:45:28 AM
From: Shack  Read Replies (2) | Respond to of 209892
 
Nothing to do here from the long side but keep a tight leash and see if they can make a run for the Nov - Jan highs.

If the QQQ gets back into the Jan 17 gap, that will be the high odds play. I also think that's a good place to fade it with a tight stop.



To: Abner Hosmer who wrote (66740)2/19/2003 7:05:18 AM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
You summed up the bull case pretty well. The .3 and .5 trins of late also lend strength to the rally. If it weren't for the sox head and shoulders I'd say we go up for another few weeks. If the sox doesn't make new lows real soon then the head and shoulders failure will slingshot the market back to test the highs.


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