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To: TechTrader42 who wrote (1308)4/24/2001 7:02:41 AM
From: Arthur Tang  Read Replies (2) | Respond to of 1471
 
Please. Learn to write "pull back" instead of "retrace"?

Retrace is not defined as going back to any price level. Retrace is a duplication of previous chart segment(due to market makers' mentality, retrace happens, it is called their signature on the chart). Terminology used properly will tell you the action(which is) predictable.

"Pull back" is an action by the specialist or market maker. When sell orders come in, they adjust the price accordingly by "pull backs". "Nice move" is moving price offers up, when buy orders streaming into the bull pan.