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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: j g cordes who wrote (20685)5/3/1999 1:47:00 PM
From: mattie  Read Replies (2) | Respond to of 68046
 
Anyone looking to short the Dow Jones Industrial Average soon? I have itchy fingers watching this blowoff. I may short 1/2 position at 10960, and half at 11000. We should hit it intraday unless bonds get slammed. DIA are the 'diamonds' that trade on the AMEx and track the DJIA.

Many Nazdaq & pharma stocks are looking good. I am looking for a reversal of this rotation back to growth soon. Money is not leaving the market - just rotating.