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Pastimes : Home on the range where the buffalo roam

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To: DOUG H who wrote (1255)5/31/2001 12:55:34 PM
From: Boplicity  Read Replies (2) of 13815
 
re: Bag holders,

I don't know about that. A lot of stocks are bouncing off of their lower channel lines, but have gaps to work through, which will cause some pause to repairing the uptrend. I would think by beginning of next week we will have a better understand of the direction and whether the rally was a counter trend rally or the first leg of the new bull. For the traders, it might be prudent to add small amounts to see what happens. Building a short term base at the lower channels will be most encouraging. We are having a little lunch time rally, always good to see those. The Close today will be a good tell.

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