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Strategies & Market Trends : Charts for Bottom Breakout

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To: Tom Shutters who wrote (3090)3/12/2002 10:54:56 AM
From: Ed Huang  Read Replies (1) of 3105
 
Tom, good timing on LU and GP. LU gapped down and made a new low today. Buy and hold is very risky in this market environment (That's why we are here in the Short-term Traders forum).

Hard to find a good bullish looking chart lately. The market also looks somewhat top-heavy. Most of the hi-tech stocks got hit again today except IBM. Can IBM assume the bellwether leadership and lead the market back to the positive territory this time? I don't know. Let's wait and see...

good trading.
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