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

To: Jorj X Mckie who wrote (21790)	8/1/2002 5:31:42 PM
From: Susan G	Read Replies (1) \| Respond to of 26752

You are probably right again <g> Whoever that was, it was one huge sell program as it tanked all indexes and stocks fast within minutes, with identical breakdown patterns, causing stops and support levels (that had held all day) to be taken out market wide. That could not have just been traders hitting the sell button, it happened too fast with no pauses at all. What a long leg down on the 5 minute charts... I guess too many were long hoping for a ramp into the close just like yesterday. I felt that at lunch in the futures. There was long buying pressure, and nervous shorts, covering on every 3 point pop up. I guess bearflags are a perfect example of the battle between bulls and bears. One bar up, one bar down. One bar up ...<g> But of course, what everyone expects is the exact opposite of what the market usually does <g> we all sure know that well..