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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: exdaytrader76 who wrote (14281)9/25/2001 10:51:05 AM
From: TraderAlan  Respond to of 18137
 
dt76,

Guess we should be thankful that day traders haven't assumed the blame for the last 1500 points down. Of course, that could still be coming.

After 1929 the short sellers were IDed as the culprits. That's where the uptick rule originated from.

Fib retracements are always significant <g>. This is a matter of timing. There are so many shorts in the system that any little bit of good news (or no news at all) could continue the squeeze.

Alan


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