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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (10358)	8/18/2001 6:14:07 PM
From: JRI	Respond to of 209892

The "sell strength, buy weakness" has worked pretty good as we've been in "the range"...however, if we bust down out of "the range" on Monday (and given so many technical breakdowns)....buying the weakness, oversold conditions- well, that theory needs to be heavily scrutinized here. I am tempted to buy any washout on Monday too....but then again, sentiment indicators I believe still allow for some heavy down...I don't know who is going to hold the bag after Tuesday (someone always steps up, right? Even if just for a bounce-g), but I can't think of a more foreboding, ugly news/seasonal period (late August-September) for longs. Gonna be a tough call.....we could go back to Feb-March hell here,, IMO (outside chance, but a possibility)...