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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Clint E. who wrote (37793)7/24/2002 12:35:44 PM
From: j g cordes  Read Replies (2) | Respond to of 68070
 
Hi Clint, that's a pretty narrow rally target.. ie still within the downtrend.. on 60 minute Bollinger the midline is 1276.. and the high is 1350.

Just like heavy morning rallies on the open are the kiss of death.. so are heavy morning down openings.. they both tend to reverse during the day.

It seems appropriate given the downside momentum of late, that any rally will give back some to see if its got support.

I took some short term positions late yesterday and sold them an hour ago.. the "sign" I'm waiting for is for some bad news to come out and the sector or stock rallies anyway.

Nice to see you posting.. Jim



To: Clint E. who wrote (37793)7/24/2002 9:09:43 PM
From: shasta23  Read Replies (2) | Respond to of 68070
 
Hi CLINT!

Nice to see you still following things. Over the last month i was frequently pondering the question what happened to you and if you were OK. I guess the latter is the case...
Take care!

Stefan