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Strategies & Market Trends : Sharck Soup
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To: DlphcOracl who wrote (12146)3/18/2001 3:04:08 PM
From: DlphcOracl  Read Replies (1) of 37746
 
An interesting statement from SSB technicians.

From the Salomon Smith Barney technical analysts (headed by Louise Yamada), Alan Shaw cautions:

"We don't want to ask, "How low can it go?" We want to eliminate this from our vocabulary because we don't know the answer. We want simply to respect support violations and take action. There is no guarantee that this decline is just another cyclical experience that can bounce back to new highs. The technical evidence suggests something more structural is under way this time."

FWIW, I have the SSB technical analysts very accurate over the last year, not to be confused with the ANAL-ysts hired to pump and dump stock with their upgrades, downgrades, and inflated price targets.
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