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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?


To: Bo_ who wrote (24993)12/15/2000 3:25:32 PM
From: Joe Hoek  Read Replies (2) | Respond to of 49816
 
I'm sticking my neck out here - we are going to close well today. Maybe not 100 points from here, but one that we'll be happy with. I'm only going by that period from right before 2:00 'til 2:12 when we barely moved more than a point in either direction, and then 2:15 comes and we don't look back. I didn't catch the volume since 2:15. Mike you been keeping tabs on it.

Every other point on the chart is a V shape - that was nice and flat. I think it's all the traders waiting to see what the other guy is going to do <G>
Everytime we've had that type of pattern it meant higher prices for the short run. Long run - you need to ask stan <G>.

Conversely when that's happend and we move down we always have a $hit close

Damn - everything I have is at HOD except NTAP - and it's close.