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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (14978)4/24/2001 4:24:34 PM
From: Pink Minion  Read Replies (1) of 30051
 
>>> Even AMAT proved that the move above $52 was a head fake

How do you TA read this? It broke 52 out of a 6 months sideways movement or "box" I guess. Isn't that very bullish? And didn't we have confirmation?

I've seen this pattern before. It's like once it breaks out, all shorts cover and anybody wanting get long blows their wad. Nothing's left and it goes to new lows.
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