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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (1670)	7/8/1999 11:19:00 AM
From: keith massey	Read Replies (1) \| Respond to of 18137

Steve and Richard It is always easy looking at stocks like NEON after the fact and finding something that would indicated the drop. I'm not saying I would be bullish on NEON the day before the drop but I sure wouldn't have predicted a plunge either. Although there was a pull back I see good volume spikes on the bottoms in April and June and a good double bottom formed in June. The stock seemed to be rising off the double bottom just before the crash. The lack of volume increase on the rise off the bottom and the resistance at $44 would have kept me out of long trades but I also didn't see a shorting play. These are the type of stocks that scare me. Normally you can see drops like this days or weeks out on the charts....this one happened out of the blue. Best Regards KEITH