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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (4734)1/6/2005 8:57:55 AM
From: Michael Watkins  Read Replies (1) | Respond to of 12411
 
Suspect it will bounce if for no other reason than its feeling rather stretched to the downside. Covering all of december's range in COMPX in three days is a little unusual. Buying opp or warning, only time will tell.



To: Chip McVickar who wrote (4734)1/6/2005 11:27:55 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 12411
 
The longer prices hang around a median line, the less likely it will rally... all things being equal, prices should jump quickly off that median line, it should be repelled instantaneously, and not linger for days...

GZ


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