Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 465.93

+3.3%

Jan 23 9:30 AM EST

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To: MulhollandDrive who wrote (23454)	10/22/2002 11:44:35 PM
From: Susan G	Read Replies (3) of 26752

I went back and re-read your post, I read it wrong the first time...thought you were saying the shallow type were prone to failure. I agree with you, those are the good kind, and it was from O'Neil that I learned it. So I guess we can call this type momo cup and handles <g> Frankly I think most of them will break down due to being right at resistance, unless the rally ramps up again, then short covering could ram them right through that resistance. This bear is just trying to stay unbiased and catch some of the long possibilities, it's not easy to get rid of the bearish bias when our economy is such a mess and headed for more trouble IMO.

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