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


To: TheKelster who wrote (3308)8/27/1999 1:06:00 AM
From: ynot  Read Replies (1) | Respond to of 18137
 
Use of Tight Stops--there may be an intersting consequence of the use of tight stops visible tomorrow near the open

PHCM appears to be momo up and now momo down

my hypothesis is that if there is a gap down of $3 or more so many stops will be blown away that the one day drop could be dramatic

i am short PHCM and don't wish my opinion to influence buyers or sellers, however, i believe that the observation of the cumulative effect of stops is useful to observe

regards
ynot ;)