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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: rocket rider who wrote (329)10/19/1999 11:34:00 AM
From: Casaubon  Respond to of 967
 
my guess is that you will see a retrace close to the point it gapped down, followed by further downside action. I am looking at stocks making bottoming patterns. I'm not looking to get into stocks which have just come off their highs. A general rule of thumb which I am seeing are a lot of stocks falling back to price levels they were at around 1994-1995! Five years worth of mania wiped out in months. I should note that I follow mostly small caps.

Good Luck!


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