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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: besttrader who wrote (5645)12/28/2000 2:17:23 PM
From: velociraptor_  Respond to of 37746
 
A break doesn't necessarily mean a quick drop right away. It should be a caituon alert if you are long and a point to start looking for more shorts. The wedge has been broken and is now going up to back kiss the trendline which is now at about 2530.

There is always the possibility that this break is a head fake as well. Chart patterns are not 100% but they give you better odds to work with.



To: besttrader who wrote (5645)12/28/2000 2:19:26 PM
From: Sharck  Respond to of 37746
 
Just not enuf players to make a big impact as most are either on vacation or simply watching the mkts from the sidelines. Not much coming until employment figures next week. I will be watching the last half hour of the day and may pick up some of my fav techs on any dips, looking at SDLI here...


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