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Strategies & Market Trends : Trend Setters and Range Riders
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To: SusieQ1065 who wrote (4054)4/16/2001 9:59:03 PM
From: keithcray  Read Replies (1) of 5732
 
Excerpt from Stockbottom.com:

We probably will not have a problem breaking support just over the
1,850 level tomorrow, so look to see if the Nasdaq Composite can
hold the 1,800 level again. The recent breakout from the
downtrend is once again going to be seen as a bull trap, so a test
of the low will likely be in the cards. Consequently, reducing
long positions and adding short exposure makes sense here.
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