Moufassa's Lair Message Board

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Strategies & Market Trends : Moufassa's Lair

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To: ALTERN8 who wrote (13479)	7/21/2003 10:51:10 AM
From: Trumptown	Read Replies (1) of 13660

It means the trend line support is being tested. That is a combination of shorts attacking it and longs getting scared out. We'll see if it holds or not, looking pretty weak at the moment. If it holds, it builds a base on the trendline for the next move up. If it breaks, it probably gets uglier...

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