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Strategies & Market Trends : Tech Stock Options
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To: donald sew who wrote (42862)5/10/1998 12:19:00 PM
From: Mike Harvey  Read Replies (1) of 58727
 
It was also a Doji on Thursday, in fact a Gravestone Doji. To me, Thursday was more significant than Fri, it being earnings release/Beat The Street day and stock failed in its intraday rally. Two Doji days in succession (4 if you stretch a little) tells me that AOL is very susceptible to a major downdraft upon the occurrence of negative news/pressure OF ANY KIND or OF ANY DIMENSION.

The things that prevent me from graduating to the 'Raging' bear category from my current 'Definite' category are: (1) notwithstanding the Doji Fri, it DID manage to close at an all-time high; (2) there were a couple of pretty strong rebounds intraday Fri; and (3) save Thurs, the candles for the last 6 trading days are all white.

Very definite indecision, and very wobbly, n'est-ce pas?

P.S. What's a Class 2 Sell?
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