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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (8284)9/26/2002 12:29:41 PM
From: Jeff  Read Replies (1) | Respond to of 30712
 
check the candles today on QLGC and ELX.....bubble stocks still above their sept lows.....

back in 95-96 these were penny stocks.....

they might not be penny stocks again as nasdaq is heading back to 95 levels....

but they sure have lots of air to deflate still....



To: Justa Werkenstiff who wrote (8284)9/26/2002 12:52:06 PM
From: Jeff  Read Replies (2) | Respond to of 30712
 
btw justa.....QLGC and ELX have full sto "monthly" d-blows...

thats long term toast....and they got that "engulfing" thing going today....

these were the last of the strongest high flyers....

and you know they take the strongest down last.....so i use that as more confirmation within the retrace...