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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (60781)	12/4/2002 9:25:58 AM
From: The Freep	Read Replies (1) of 209892

Yo, JRI -- I'd say that a ton of people will be buying this opening dip. Risk reward seems to favor it. I do recall, though, the voice of AA saying something like "1425 will be broken, and this board will spend time debating if it's a break or a pierce." In other words -- too many people want 1075 NDX and 1420 Naz, so something marginally different has to happen. What exactly that is, I dunno. I will say that while I think it's a great risk reward for at least a flip, there is now total "buy the dip" sentiment everywhere I look (this despite the fear implied by the QQV, etc.). Then again. . . if you don't buy gap downs to support, what do you buy??? the freep

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