Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: Petrol who wrote (16927)	5/7/2002 10:58:01 PM
From: Susan G	Read Replies (1) of 26752

I will get out of the way of the train until it starts running out of gas <g> If there is a TRUE uptrend, I will go long but only after I see a good period of higher highs and lows.I don't like going long short squeezes - they end in a nasty way! Wonder if that gap will fill - now or later. Could be a major gap and crap in the am. The "finger" as T calls it <g> Both the NQs and SPs have floating island rising wedges tonight! Last time we had those, a month or so ago, the wedges broke, the gap filled and the high was about 10 minutes after the open. It certainly will be interesting. I really don't think CSCO can save the nas from the technical damage done today and yesterday for more than a day or two. The big Dow stocks are just starting to crack, money might rotate to the nas techs I guess once people realize stocks like WMT, HD and JNJ are breaking down here. I don't think we've seen the bottom that's for sure!

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