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Strategies & Market Trends : Classic TA Workplace
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To: AllansAlias who wrote (44377)7/3/2002 10:20:30 AM
From: John Madarasz  Read Replies (1) of 209892
 
precisely, and exactly where the "pattern failure" we mentioned earlier comes into play, as every textbook player and their collective brothers puts on short positions at these big neckline areas...only to panic and cause a flag or wedge when squeezed at or slightly below these necklines

a quicky from old HB

To: ALL
Date Posted: July 03, 2002 at 09:55:08
Subject: equity p/c

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just recorded one of the lowest 5 min. bars i recall seeing , ever: 0.18.
after an opening bar that started out above 1, closed at roughly 0.62, we immediately plummeted to below 0.20, producing 3 bars in a row down there. iow, rebound speculation has become even MORE rampant. that can also be seen in the big percentage rise of quasi bankrupt WCOM, something that happened with ENE's stock post bankruptcy too.
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