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Strategies & Market Trends : The Thread

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To: JLS who wrote (12434)	9/1/2000 9:10:17 AM
From: stan s.	Read Replies (1) of 49816

My own suggestion would be to draw some lines in the sand at support levels you feel comfortable with, and bail if/when they don't appear they will hold on closes. Overbought situations can run on for long periods of time...as can oversold. They are just one piece of the puzzle. One key for the Naz will be if it holds what looks to be a morning break over 4274...if it does hold that at close, you can raise your support levels to a comfort zone and sell if when it appears they will be breached to the downside. This is a strong chart on very good late August volume and it will eventually weaken... it will give some signals as it does so. Right now it has momentum behind it. wallstreetmonitor.com

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