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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Kelvin Taylor who wrote (31227)	5/11/2001 7:26:49 AM
From: Ron McKinnon	Read Replies (1) of 53068

looking over about 200 charts indexes are sitting very near short and intermediate term resistance 75% plus of the stock charts look toppy and many/most are showing a "U" shaped ie roll-over top unless there is some very significant external event I am having trouble developing any kind of a case for the market to push higher through resistance not saying there will be a big decline but depending on the index, sector, stock could see a fall of 2% 5% 10% 15% so I am lowering my price points to re-enter legs of stuff I have sold in the last few days to "cheaper" if not CHEAP prices

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