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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades
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To: Jenna who wrote (277)5/29/2001 10:20:51 AM
From: Jenna  Read Replies (1) of 1227
 
VRSN short QLGC just as expected 'died' at the 10:15 reversal period after a spike high at 57.98 QLGC ALWAYS moves down after a spike high.. QLGC a short 56.72, (see chart) it will reverse 9:50 to 10:00 (Usually its good for a few points until 10:15 to 10:25 where it reverses the morning trend and moves in the opposite direction). I don't expect the nasdaq which is short term overbought especially some of the major techs to continue to move up without a further correction.
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