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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: donald sew who wrote (36846)11/30/2000 3:35:36 PM
From: Robert Graham  Read Replies (3) of 42787
 
This is an intraday break of the "4-day steep declining channel". A bounce happened at a logical point on the charts. Looked like some fear was entering the market. Then the fear flipped to greed when price approached a resistance beyond which would indicate a continuing bounce of note. Hormones at work here. No brain. The extent of the bounce IMO will indicate the extent of fear in the market just before the bounce. Of course derivatives will exaggerate the effects.

Just some unconventional comments. :-)

Bob Graham
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