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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: booray who wrote (85340)	1/6/2000 8:09:00 PM
From: booray	Read Replies (1) \| Respond to of 90042

Nortel news sounds much better, may put a little dampening on the LU effect. biz.yahoo.com

To: booray who wrote (85340)	1/6/2000 9:58:00 PM
From: 2ripley2	Respond to of 90042

<<however, we keep busting support>> I agree. I don't know near enough about TA, but I draw basic 3-6-mo. trend/support/resistance lines & try to place limit orders just inside those lines, but once again I caught another "falling knife" this afternoon that broke a support line... at least I'm consistent! I also think tomorrow is the 4th day after the big tanking, which is generally when the majority of margin calls have to be resolved, causing a new round of selling. Is my timeframe correct in this line of thinking? Good luck to us all tomorrow, Linda