Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

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To: mattie who wrote (19967)	2/21/1999 12:39:00 PM
From: Clint E.	Read Replies (1) of 69896

Mattie, when stocks drop and market condition deteriorates, most people look at and state the obvious. The trick is to figure out when the pendulum is finished moving in one direction and is ready to reverse course. Here is an example of how TA works when stocks drop and after they'll bounce. After our melt down last Wed: 5 stocks looked bearish and 2 looked cautious! This is the pessimism that you talked about. trading-ideas.com After our bounce on Thurs & Friday: 5 out of 6 stocks are now looking good! trading-ideas.com Clint

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