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To: Clappy who wrote (9301)8/8/2001 8:15:58 AM
From: AllansAlias  Respond to of 209892
 
Thanks clappy.



To: Clappy who wrote (9301)8/8/2001 8:18:41 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
Presuming that a weak open holds here, it's worth remembering the simple things: a failed breakout is a compelling argument that the market will go the other way with gusto. It is probably the most reliable signal in technical analysis.

Some of the short-term traders I follow think that this morning will be a good time to cover shorts and I respect their thinking. However, I am going to remember the simple things until proven wrong.

So far, congratulations to those who did not get swept up in last week's 'big C' euphoria.