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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (8050)7/20/2007 1:25:39 PM
From: Hawkmoon  Respond to of 33421
 
No position, but I am not afraid to try a short again here. Hawk is convincing me.

You're NOT afraid, or you ARE afraid, to go short here?

I really wouldn't take on many short positions of any size at this point..

I might be wrong about it, but I think there's just too much risk of a "melt-up", whether justifiable or not.

Hell.. I have seen stocks go DOWN for no significant fundamental reason, so why can't they go up as well? ;0)

Hawk



To: nspolar who wrote (8050)7/24/2007 12:54:34 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
It's possible that the summer high this year would be clustered in the July 17th to July 21st time window, an analogue to the tops we saw in the summer of 1997 and 1998.

We are seeing some really nice momentum divergences on the Daily DJIA, SPX, RUT and NASD charts.


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