Ask DrBob Message Board - Msg: 15355360

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	2/15/2001 1:18:20 AM
From: indexit	Read Replies (1) of 100058

Charts, about as mixed as they get. Still in this quandry of some technicals being weak (Balance of Power buying is trending downward, while MACD is heading postive), many stocks are still resting upon support. This has been the situation for the past few days which I find usually means reversals and tough trading, which is exactly what we have been getting. I also have about the same about of longs and shorts on my list which is consistent with the above. I have been trying to trade tight, getting shaken out of trades which would have been good if I had waited another 15 minutes, and those I show some patience with usually do not work. Thius market does feel directionless. I think it is hwat we are hearing on CNBC, news is bad but everyone is afraid of missing the ride so COMP is holding. Hope you all are trading better than me.

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