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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (105230)4/13/2000 6:56:00 PM
From: Y. Samuel Arai  Read Replies (2) | Respond to of 1572711
 
re:...if the Naz falls thru 3650...the correction will get much worse.
Frankly I think its a bunch of bull


I agree. However, it ends up being a "self-fulfilling prophecy." If it falls through it, and an "anal-yst" is telling you its gonna fall to another level, then people stop buying, and they start selling until it hits that point. Then, buyers start in, hoping for a successful test of the "support level." Once it does bounce off of this imaginary "support level," buying starts frantically.

Its a big mind game.