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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Paul Shread who wrote (33967)4/9/2002 5:11:19 PM
From: StockOperator  Read Replies (1) of 52237
 
Paul I don't know exactly what you mean by "black cloud" (I'm not a candle guy) but I'm going to run with it anyway and assume that it's negative (it sure sounds negative <g>) But you're right just look at the damage. Stocks like AOL try to appear strong going into the green on the open only to give up those gains at the close.

It's the action of the last two days and more importantly the action that pushed us falsely into the 10,600 area, that keeps most traders in this crazy game. The most difficult thing distinguishing between real buying versus distribution. But it has been the long term trends that have kept me bearish despite how foolish or wrong my calls may have appeared during that March rally.

Profitable trading.

SO
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