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Strategies & Market Trends : Point and Figure Charting

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To: The Perfect Hedge who wrote (17940)	4/14/1999 3:41:00 PM
From: Judy	Read Replies (3) of 34811

Just logged on, guys VERT has a gap at 90-92, and anyone long should be prepared for that downside risk. The internet sector has run hard for weeks, a correction at some point is to be expected. Besides the mm's need to clear out all the call options and arbitrage yields an equal but offseting transaction, that is, downward pressure. Heck, nothing is wrong with EMC or PFE but down 5-6 points in a blink of an eye. Profit taking, arbitrage, and sector rotation. A market ritual.

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