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Strategies & Market Trends : DAYTRADING Fundamentals

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To: - who wrote (1649)7/8/1999 1:05:00 AM
From: keith massey  Read Replies (2) of 18137
 
I have found that Price almost ALWAYS, proceeds news... in other words, there IS "smart money

Normally...however I went and looked this morning to see if I could have predicted the drop in NEON from its previous chart. Sure it did a small bounce off a top in the last couple of minutes before close but I would never have predicted the drop today. I would love for someone to point out something in NEON's chart that would have predicted a plunge of this magnitude. This is the main reason why I don't like holding overnight.

Best Regards
KEITH
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