LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: AlienTech who wrote (20672)	8/25/1999 5:16:00 PM
From: investsformoney	Read Replies (1) of 43080

Hi i have a question on dclk. The action was nice today, but i am scratching my head trying to figure out what the heck happened at the end. I had zoox,rbak,egrp,dclk,ebay,axp,msft on my watch list today. This is how my day went. 1. Couldnt short zoox cause my broker told me no shares. 2. Got in dclk at 96 1/4. It picked up nicely into the 99 area but there was a sharp selloff at the end. The same thing happened to msft contrary to my expectations. The swing of the market was up in the last half an hour, so i dont understand why dclk and msft which were doing well all day took a dive in the wee hours of trading. 3. On the other hand egrp and axp did just as expected. pat on their back. I am scratching my head about dclk in particular. The resistance according to the charts is above 100. Oil broke 96 cents today and that should have been a plus for the bulls. This is the reason for the upswing according to my analysis. So what the heck happened. It makes me mad and i am pissed at the wiggle in the last minute. The last 8 5min candlesticks just dont make no sense.

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