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Strategies & Market Trends : Take the Money and Run

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To: SusieQ1065 who wrote (6067)6/26/2002 6:49:26 PM
From: SusieQ1065  Read Replies (1) of 17639
 
Investors still not deserting stocks
Technical advisors await 90 percent 'washout' days

"As painful as it may seem, we need to remove supply from the market via a washout day (400 or 500 points) to have a meaningful rally," chief market strategist Kevin Lane of Technimentals Research in New York said Wednesday. "Now is the time to watch and wait because a crescendo low is close."

cbs.marketwatch.com
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