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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (28164)	9/12/2000 8:28:06 PM
From: shasta23	Read Replies (1) \| Respond to of 68252

RTS! You might be right on 3700. But i can't ignore that 3800 is the uptrendline 5-24/8-3/now and it's the bollband and it's the confluence of two fib retracements and some horizontal support. Therefore i think a bounce is possible here. Todays stick with it's weak close seems not like a good reversal stick but we might get that tomorrow with a nice hammer. I will try to get up(i'm on the west and it's always so early!)and see if we get a scenario like very early rally/sell-off to 3800 and then stronger rally from there. I'm tempted to rebuy GLW around 280 after taking some Zantac! We're still in a wedge formation and the highs of 7/17 and 9/1 correspond with a 68% fib retracement of the whole move down from the all time high to the 5/24 low. That could be seen as bearish with lower prices still coming. But who knows. Stefan p.s. CMTN was up half a point or so after hours maybe due to that conference Harry was talking about. Hope to see a bounce here. Stop is now very close and will not be lowered any more.