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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (4251)	1/26/2005 2:10:56 AM
From: DOUG H	Respond to of 8752

I believe we're thinking along the same lines. When you look at the 1 mo/daily, the index is in bollie stretching mode and looks extended. Very short term there is probably some longage to be had BUT that gap at $38 will act like a concrete ceiling for now "IMO". Not much meat on them bones and your timing needs to good to get it all. I'll sit it out and watch. If The gap at $38 is filled w/convincing volume that's another story...if not....That would be the point to enter a short for the 8-10% ride between 38 to Reid's 35. This I'll consider... 139.142.147.218 Note the decline in volume on the sell side...