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Strategies & Market Trends : The Thread II

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To: Mike E. who wrote (1032)	6/11/2001 12:50:34 PM
From: stan s.	Read Replies (1) of 9026

the problem here Mike is it's so early in the downturn to be testing support...CIEN for instance is likely to fall to 46 if it doesn't hold gap support at 51.50 and on and on... even if we get some 'hold ons' today, the week gets very iffy with all the sells that will be triggered if today does not recover. with that head and shoulders break a possibility this week...this could be dangerous pdq for longs. I'll go plot that trendline on the hs. should be interesting...

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