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No. Not shorting in here.
This momentum leg is pretty strong, I want to wait
now for some sideways distribution. and some kind of sign the buying is over. ie
lower low.
No sense in throwing money away if the forecast is
wrong. Also 1158-89 is the 50% of previous swing. I would bet there are
sellers there.
the "forecast" is an average expectation.
But it is tempting.
don
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:Scaletrade@xxxxxxx"
title=Scaletrade@xxxxxxx>Scaletrade@xxxxxxx
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx"
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Tuesday, September 04, 2001 12:24
PM
Subject: Re: [RT] sp500
In a message dated
9/3/01 9:55:06 AM Pacific Daylight Time, <A
href="mailto:detomps@xxxxxxxxxxx">detomps@xxxxxxxxxxx writes:
<BLOCKQUOTE
style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px"
TYPE="CITE">I also have a 75% chance of an up close for Teusday.
Possible target for the Sep S&P futures is about 1155.00
<FONT color=#000000 face=Arial lang=0 size=3
FAMILY="SANSSERIF"><FONT color=#000000 face=Arial
lang=0 size=2 FAMILY="SANSSERIF">Nice call so far, Don. Are you
shorting now? Curious. Larry To
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