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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (28589)7/23/1999 9:15:00 PM
From: Patrick Slevin  Read Replies (2) of 44573
 
Do you think that serious damage has been done, or is it just a return to where "normal" moving averages "should" be?

I think, that if one were to look at a chart, the sucker was very extended at the 1430 level.

At this level, it's just a retracement to where the market should normally find support.

Now, a trashing on Friday generally leads to a trashing on Monday.

But I still do not see the break of which you are so certain.

Perhaps in a few days, perhaps not.
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