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To: Jan Crawley who wrote (72165)8/5/1999 1:56:00 PM
From: Lizzie Tudor  Respond to of 164684
 
You are at resistance right here with pcln - mid '70s, I would lower your limit. It doesn't go to 80 anymore. Look at the swing today and yesterday, I never thought I could pick up the 65s where I did (forgot where, really cheap) look into it, it could fall back to 60 at any time



To: Jan Crawley who wrote (72165)8/5/1999 5:40:00 PM
From: radames  Read Replies (2) | Respond to of 164684
 
re>>dead dead cat bounce
this is a classic head fake in a head and shoulder pattern their is usually an up trend like today before going much lower,,on a day before a potentially devastating employment report i would't want to own net stocks,,when you look at the volume buying today just think about the fast selling that could happen if we have a bad report,,the spike imo was a short covering in case the report is good tommorow,,even if it is good i believe the buying was done today as people taking tommorow off and put their trades in today,,