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To: JRI who wrote (10685)8/22/2001 10:13:44 AM
From: Jack of All Trades  Read Replies (1) | Respond to of 209892
 
Well we are sitting on the support @61 a break of that would be bad...

I have my stop just above entry hoping for a break down, I may bail if it looks strong...

EDIT Flush coming...



To: JRI who wrote (10685)8/22/2001 10:22:47 AM
From: AllansAlias  Respond to of 209892
 
It's past the point where I'll buy it here for a 'c' now. After we retrace 78% of a pop, as we have done, then I begin to thing more bearish thoughts: at least back to the lows in a flat correction, or worse, new lows. We could bounce from >%80 down off the highs, but it's just not high odds.

Imo, the next long play for those so inclined would be a stab at the double-bottom bounce.

Smelly has only retrace 38% of its pop.



To: JRI who wrote (10685)8/22/2001 10:26:40 AM
From: AllansAlias  Read Replies (2) | Respond to of 209892
 
Et voila, we are back at the lows. NDX printing a new one in fact. I'll probably give the flat a try here. It's a decent trade because the stop is so clear.