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

To: donald sew who wrote (29094)9/5/2000 7:27:40 PM
From: bobby beara  Read Replies (2) | Respond to of 42787
 
Message 14318851

ok, don i joined the bears today, that wedge looks tantalizing to a hungry bear -gg-

with the failure of the hang seng to break out in last nite's trade and today's gap down, i give the possibility that we put in a top similar to the july top, i would feel more certain about this if the put/calls got as exhuberant as the rydex, but maybe the call buyers have finally been busted -gg-

csco is the key stock here, if it breaks down out of this triangle it would confirm a much larger correction looms.

i pay attention more to the ratios but the rydex ursa fund hit an all time low last week since the 98 bottom, very few people shorting the market here, according to this indicator.



To: donald sew who wrote (29094)9/5/2000 8:05:00 PM
From: s-words  Respond to of 42787
 
Thanks, Donald, you did answer my rather vague question. I was wondering whether the rising bearish wedge shown was too long-term to be a valid pattern, or if you saw anything else that would negate it. From what I have read, 4 months is at the upper range of the time period for these patterns.


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