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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Sun Tzu who wrote ()9/1/1998 6:02:00 PM
From: Ron McKinnon  Read Replies (1) of 53068
 
interesting day

i like many sold some into the opening strength
but I did not buy anywhere as much as I should on the bottom (20-20 hindsight is great)
but I had to be out a few hours today from 1-3 and I'll be after Charlie on Thur/Fri
so I am being real cautious
(at least that's my excuse)

but made some decent flips and got back maybe 80% of yesterdays loss in my long term account

that was quite a war today; I think there will be a lot of continued volitility as people push and pull for position

maybe a few more net up days to come, but not huge?
then a drop back to some level?

one thing for sure, this last few days will really set support and resistance on the charts and in peoples minds
and the gap between them will be large

on future drops my guess is a lot will wait to buy for prices to get close to the recent bottoms

any other thoughts/guess were we go from here?
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