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Strategies & Market Trends : Sharck Soup
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To: besttrader who wrote (30904)7/12/2001 9:48:59 PM
From: YourKing  Read Replies (1) of 37746
 
Knight - Are you caught short? Despite the gap open, many stocks opened near their low of the day and finished near their high. The market was just looking for a reason to go short-term higher. MSFT was the catalyst. Market was short-term oversold. This was the first day in awhile when resistence on goods stocks/indexs were penetrated. Guessing what the market will do tommorrow isn't very sound. TA has been difficult enough. Sox/Nas should have a nice little run over the next few days.
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