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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (51387)9/2/1998 4:16:00 PM
From: Stoctrash  Read Replies (1) | Respond to of 58727
 
Late in the Day = Long in the Tooth

"Pawprint"...I like that one!!



To: epicure who wrote (51387)9/2/1998 4:53:00 PM
From: donald sew  Read Replies (2) | Respond to of 58727
 
X,

>>>>>>> what do you think of the blow through the neckline? And so late in the day. Are we seeing that bear market pawprint- the brutal end of the day selloff? <<<<<<<<<

The BEAR never left. I would categorise this as a possible BEAR-TRAP. We will know very soon, since if we break 7400 to the downside it would be a text-book bear market (greater than a 20% decline), of course the next question then would be how long will it last and how low.

If we do retest 7400, which is likely, and it holds then that would be the first bullish signal.

Seeya