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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (6446)	1/15/1999 6:40:00 AM
From: Dave Shares	Read Replies (1) \| Respond to of 43080

Market Outlook Looks like I'll have some time to read and study a bit, while things shake out. Futures are up again (it's early) but Europe is down a bit. Might be another day to be careful about going long too early Might be another day to short the open on gap ups Would not be surprised to see a rally in the afternoon I'm going to be looking at stocks to short that look to easily succumb to selling pressure because of profit taking after tremendous gains. As you probably know, I put EGRP towards the top of this list. I think it has quite a ways left to fall. A reminder to a previous post by Scott. Friday gaps should be measured a bit earlier - like 10:00 or so, as the market will be moving a bit more quickly. This may be especially important on the short side if the market opens up and sells off. I sense too that whatever happens today, there will be a lower open on Tuesday. My instincts tell me that holding short over a three day weekend would be profitable. But my trading comfort barometer will most likely keep me from doing that. Good luck to all today, and be very careful out there, as I expect it to be very choppy. David