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Technology Stocks : Egghead Computer (EGGS)
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To: HairBall who wrote (2070)7/24/1998 9:31:00 AM
From: Philipp  Read Replies (1) of 8307
 
LG:

< with the (60 min) tick lows up trend line broken yesterday, we
might see a move down to a lower trading range.>

I agree with that logic, but I don't think it will be today.
For the moment, they still can make more money by following
the normal routine, hoping perhaps that they can generate
a speculative run again (that is in part wishful thinking, since
that is, of course, what my position is based on). One can
slightly argue about the trendline being broken. Not all spikes
are significant during hectic trading (see Monday).

One other thought: If MMs actions become too predictable, does
that not mean that, at some point, they SUDDENLY have to
change their routine? This is sort of supporting your point.

Cheers,

Phil
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