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

To: TraderAlan who wrote (4926)	10/18/1999 8:35:00 AM
From: OZ	Read Replies (2) \| Respond to of 18137

Ever notice on all the big round numbers on Dow that you always see a move below to 80-85 and then a bounce back above, just to shake out the sellers waiting for a break of that number ALan, Kinda like a VIC 2B or Turtle Soup setup except the whole number replaces the traditional previous HI (LOW) price as the place the breakout player get trapped. I agree with steve in that things do not go down when everyone is sure they will. Though I do believe things do rally at that point , only to gain some longs and then subsequently do tank when everyone is sure thing are going up again. OZ