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01/22/04 3:05 PM

#5697 RE: positiontrader #5685

That's amazing Marc and I've been roughly in the same boat. Depending on if you got out on the 7th or 8th, you've only missed 20 to 5 NDX points. It's been purely an intraday scalp market for 2 weeks. It will change, I'm leaning toward good selling next week. Watching 1530. My 60 min indicators are showing negative divergence FWIW.

I will be tempted to short on a break of 1530 but too much pain on recent shorts to be heavily aggressive. This sideways action could serve to cool off the technicals before another moonshot, but I lean toward two weeks of selling, before a hard run into April, with a minor pullback late Feb, early March.

Ready to buy the dip more than short the fall, but will try to play it regardless.