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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Mike E. who wrote (94067)4/7/2000 8:41:00 AM
From: stan s.  Read Replies (2) | Respond to of 108040
 
You're right, futures are flying. one thing about this correction that was a telling point was the dip under the 40 day ma for the nasdaq and it's break of the long standing uptrend line that coincided with the 40 day ma.

I mentioned that it had held for 5 months and a dip under 4640 on a close was a negative sign.

I didn't heed my own comment then simply because of arrogance and greed and confidence in the upcoming earnings.

I won't make that error again. When a stock or index or exchange breaks a significant long term pattern...it's time to get out.

Stan