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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (84177)6/24/2002 2:39:23 PM
From: ajtj99  Read Replies (1) of 99280
 
Zeev, we're not much over our normal 40-point daily range in the COMP, so I don't know what everyone is getting all excited about.

Once you go down so far, all it takes is a flag to string out the index so the EMA's, MA's, and trendlines catch up with it. Once price breaches a trendline, the bounce is on (usually in the form of a steep rising wedge).
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