Monday, March 15, 2004

As I said in the comment yesterday, I have no wish to be positioned long should we break and hold last week's lows, and we're perilously close right now.  I am watching this with interest...if we break the lows, hit the sell stops that are surely positioned there, and rally back up to overtake those levels, it could ignite a bout of buying enough to make a short-term trade to the long side worthwhile, especially with the short-term sentiment extremes we're seeing once again today.  But that is predicated on being above last week's lows only. 12:08:37 PM