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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (56480)4/25/2002 2:05:53 PM
From: JRI  Read Replies (1) of 99280
 
I take it you are playing straight longs here (lunch tactic over), and are expecting the 1757/1770 level...but

do you leave any room for one more low within next day...below today's low....enough to bring some intra-day panic, and a better basis for a bounce (to aforementioned 1757/1770)..

If so, what level would you watch here to ensure this scenario is in force....

Despite the oversolds, and 6 straight days of down, just seems like sentiment wasn't negative enough this morn for a real bounce..
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