My gut feeling

This is a discussion on My gut feeling within the Indices forums, part of the Markets category; At 2545 as of now..the future on the NAZ seems to be a good short..I suspect many bears had to ...

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Old Jan 11, 2001, 8:50pm   #1
Joined Dec 2000
At 2545 as of now..the future on the NAZ seems to be a good short..I suspect many bears had to scramble for cover todsay, and this ignited the rally, they should be done with by the end of the day..when profit takers will close their longs and cash in on their profits..I had posted here few days ago, while I was watching the NAZ, that I had a feeling the market wanted to go up..I was right,...I now have a feeling the market wants to cash in..and give a second chance to those who missed on the 1st recovery rally, to jump on board..these are just feeling, nothing to do with TA, from a risk/reward ratio, the last thing I should do is to trade this security whiel it is consolidating!

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The above does not represent financial advice.
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