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To: The Freep who wrote (212)2/27/2003 11:45:12 AM
From: skinowski  Respond to of 41499
 
I think it may hold. Next R is just near 25 – the channel line off Jan 13 high, as well as the 50% retracement of the decline off 1/13. I ll only find out tonight - have to go to my office now. Staying short, but with some hedge (decreased it a bit into the high tick).

Generally, I think it is a fine strategy to fade extreme ticks, but I'm learning also that if there is no pronto price confirmation, they can be dangerous. Must be prepared to get out.



To: The Freep who wrote (212)2/27/2003 12:17:13 PM
From: ajtj99  Respond to of 41499
 
I don't do triple tops, and neither do the indices.