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

To: Petrol who wrote (21060)	7/22/2002 11:34:00 PM
From: Susan G	Respond to of 26752

eventually, but it will be sold into <g> Actually there's got to be a little snap back really soon, but then more down IMO. If I was long, I'd be unloading into any rally. greed! There seems to be more fear of missing "the bottom", or a rally than of losing more capital.

To: Petrol who wrote (21060)	7/22/2002 11:57:55 PM
From: Susan G	Read Replies (3) \| Respond to of 26752

Weekly bearflags on the following: Many of these have 3 legs down on the weekly chart already, so they could break to the upside on any rally. But with any more downside, they look about to crack. Just keep in mind when going long these stocks that bearflags usually break when the price cannot make it through 10 and 20 ema resistance, so although they might move up a bit, making everyone think they are reversing to the upside, it could be quite the trap for longs if traders short that backside bounce after seeing these patterns. Going to take a massive short squeeze to get these stocks back over the EMA resistance. QLGC INTC BRCD BRCM KLAC AMAT GENZ AMAT MYGN MERQ NVLS ORCL CRUS QCOM NVDA MRVL IBM CSCO (started breaking today) MSFT (broke totally today) EBAY has a rising wedge on the weekly that started to crack today, looks like it's heading to 50 again. All the NYSE financials I looked at have 3 black crows forming - almost completed - on the weekly chart. FNM, AXP, JPM, LEH etc. The weekly BKX has them also.