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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (12522)2/20/2002 11:09:43 AM
From: rocklobster  Respond to of 26752
 
If this actually is day four of a 4DML (four day margin liquidation) then it is likely that we will make a significant new low today sometime before 3:00. It doesnt seem to me that 1750 on the compx wants to hold, so I'm thinking we bottom somewhere in the 1700 1720 range.

I really want to go long for a swing trade up......I've tried that today a few times.. but timing has been off...oh..and markets trending down..makes it kinda hard to stay in a long when you use stops..heheheh..

rok



To: Susan G who wrote (12522)2/20/2002 11:18:20 AM
From: rocklobster  Respond to of 26752
 
we're sitting right on the bottom of this falling wedge... might be worth a try to longside..shorts been a bit to easy it seems..
rok



To: Susan G who wrote (12522)2/20/2002 11:19:11 AM
From: rocklobster  Read Replies (1) | Respond to of 26752
 
that is an exact double bottom from yesterday too if it holds at 1381

edit...oops...thar she blows...already broke it..maybe just the test though

rok


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