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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: adcpres who wrote (28246)8/23/2000 3:29:03 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 42787
 
Carpino has a top this week. I plan to hold my puts. He had 1504.50 as first resistance on the SPX. It held most of the day



To: adcpres who wrote (28246)8/23/2000 4:16:57 PM
From: donald sew  Respond to of 42787
 
Adcpres,

Slowing volume after a significant runup is normally a sign that some sort of a top is developing. Some would argue that its a base formation for the next leg up. Im more inclined to say its a plateau, rather than a base in light of other factors like the very low VIX and other overbought readings in some technical indicators.


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