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Politics : High Tolerance Plasticity

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To: Gottfried who wrote (11636)	1/10/2002 5:22:48 PM
From: chowder	Read Replies (1) of 23153

Gottfried, your analysis is correct. Keep in mind, stocks trading above the 200 day moving average are in a bullish trend. In bullish trends, people tend to buy the dips, as opposed to selling their position and hiding. Normal profit taking in a bullish trend can take the price down to a level of support which could be a moving average. If WIND heads down tomorrow, a buy order just above the 200 dma is a good place to pick up a position. A close around 3% below the 200 dma would be a good place to set a mental stop. Good stocks will test the moving averages and bounce up. Hope that helps. dabum

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