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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: rgjack who wrote (51087)	8/23/2002 12:42:28 PM
From: AllansAlias	Respond to of 209892

Bunch of stops got run there. A little volume surge (probably just today's dip-buyers getting whipped for the first time in a week) and a negative tick surge on tech that is, my gawd, -600 or some such horrible thing -- the lowest tick since Aug 14. Stop the madness. -g Must be time for a short squeeze. Financials are holding up today much better than I thought they would. That tempers any excitement at all about this wee down. BTK came up shy of my 408 yesterday. As long as it holds at all above yesterday's low, the wedgey uptrend there is intact. Some of the considerable air is coming out of CSCO finally. Can't let the elastic stretch too far from the 50dma. In the 3 bounces it has had since Dec/01, including this one, price got away from the 50dma by +12.5%, +11.5%, +12.1%