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To: kacy_in_LA who wrote (22310)10/4/2006 10:33:00 PM
From: TheSlowLane  Respond to of 78424
 
I'd prefer to sell when RSI > 70, not crawling around in the basement. However, the bull does prefer to advance with as few riders as possible and these kinds of corrections are one of the ways that is accomplished.



To: kacy_in_LA who wrote (22310)10/4/2006 11:27:27 PM
From: SwampDogg  Read Replies (1) | Respond to of 78424
 
Wrong IMO:)
3-3-5 off the top
Can go lower but this is 100% corrective. Look at the volume on the Feb break. It will not go lower than that.
Don't own it but it looks like many

Same thing happened in stocks like this in '04-'05

stockcharts.com

one guy talking some sense

decisionpoint.com

When one is in a trading range and the bearish sentiment grows on every low one should know better


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