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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (27643)1/15/2002 11:29:42 AM
From: Michael Watkins  Read Replies (2) | Respond to of 52237
 
> NDX is not a completed pattern <

And this is one reason why. Someone decided to gun all the stops at the high of the day. So there's a bunch of longs trapped and some shorts out now.

trendvue.com

This type of death-spike doesn't happen every day, usually happens at FOMC meetings, but in both directions, leaving everyone completely clueless as to direction until the meeting communique is digested. I always stay out.

I think some bigger player is making a bet on this afternoons results. Or, someone's big butt leaned on the wrong keyboard LOL