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Strategies & Market Trends : Strictly: Drilling II

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To: katarak who wrote (2101)9/24/2001 8:58:55 PM
From: isopatch  Read Replies (3) of 36161
 
Hi katarak. Looks like it.

A few of us did some selling on Friday as mentioned in posts over the weekend. A lot of the stocks were acting "toppy", so I took the chance I could buy back cheaper this week. So far so good.

Daily INO chart gives you a look at the likely ST support levels. $278-282 looks to be the strongest in the ST category:

quotes.ino.com

You have to remember, that sharp scary corrections are characteristic of major LT Bull Markets. Once the heavily margined "weak hands" are shaken out, the primary uptrend will resume, until another large buildup of sell stops will signal MMs that over leveraged ST longs are ready for another hair cut.<G>

And so it will always be.

Isopatch
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