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To: ajtj99 who wrote (73614)5/13/2003 11:44:52 AM
From: John Madarasz  Read Replies (1) | Respond to of 209892
 
yeah...the funny thing is tho, that's the short sell every bear, and every IT swing trader is waiting for...

soooo, one could extrapolate that they probably won't get it...and end up chasing the whole way down<g>...causing choppy countertrend rallies

trapped shorts will no doubt be covering as well on every pullback

the 2 week lagging NYSE specialist short ratio is on the rise...i wouldn't be a bit surprised if it's in in strong sell territory 4 weeks from now, meaning specialists are probably running out of inventory as we speak



To: ajtj99 who wrote (73614)5/13/2003 11:50:21 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Thought you didn't believe in triple tops? -g

One of these is going to have to work out - either the triple top or the triple bottom.