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Strategies & Market Trends : ahhaha's ahs

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To: ahhaha who wrote (1130)2/21/2001 3:46:47 PM
From: ahhahaRead Replies (1) of 24758
 
Warning.

The NAZ and the DOW are in full gear to the down side. The markets tried to stabilize today, but are failing. There has been an inelastic state developing on the downside. This means a little bit of selling creates a great deal of price concession. This indicates the bottom is near, but you have to be careful because in this environment the greatest percentage moves happen. The pros have been trying to trade by buying the dips, but they're getting burned. This usually ends up in a big one day plunge.
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