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[RT] Re: Some thoughts about NASDAQ today



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--- In realtraders@xxxx, H.Albizem@xxxx wrote:
> 
> 
> 
> --- In realtraders@xxxx, "Haytham Albizem" <H.Albizem@xxxx> wrote:
> 
> 5/22/2001
> > 1.The general rule: "YOU CAN USUALLY BREAK THE IMMEDIATE 
PRECEDING 
> LOW,BUT YOU WILL NOT BREAK THE SECOND PRECEDING LOW BACK IF THE 
TREND 
> IS LEGITIMATELY UP"(not meant as shouting but for emphasis).
> > 
> > 2. Watch for head and shoulder pattern if reversal occur to 
define 
> your entry for your short position or closing the long.
> > 
> > 3. Remember 5/23/2001 still falls within 1 trading day of 
5/22/2001.
> > 
> > 4. I still favor continuation of the trend up and tomorrow will 
be 
> another trading range day based on last NASDAQ behavior on 
5/17/2001 
> and 5/18/2001.
> > 
> > 
> > Happy trading :-)
> > 
> > 
> > Haytham
> 
> 5/23/2001 11:30 am
> 
> I have exited my long positions.
> 
> Haytham

5/23/2001 

short position opened JNPR @ 54.98

Haytham


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