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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (11763)	8/30/2001 10:53:11 AM
From: JRI	Read Replies (1) of 209892

With that playing/failure w/1990 trendline this morn, I am no longer going to buy 10k, 1800 on COMPX....Had we spiked down in the morn, I would have considered it a one-off, and bought it, but market had a clear choice this morn, and clearly gave up the 1990 line... This is systematic "we've got too much stock" selling, and with a lack of buyers, could go on for quite a while, IMO. This morning is horrible for bulls IMO...this has terrible consequence for Sept. IMO

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