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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (2453)	9/27/1998 11:06:00 PM
From: Nazbuster	Read Replies (2) \| Respond to of 7247

CFON.. YIKES! 3 to 15 in 2 days! I see why you shorted at 5 5/16... about to hit the 200dma. You expected it to bounce back. The next day, however, is an example of a situation I'd like to understand. On day 1, it ran from 3 3/8 to 9 3/4. On day 2, it opened about 9 5/8 and either dropped to 7 1/2 or shot up to 15 1/2 and dropped afterwards. Which was it? How do you know when the game is over? Do most open/morning moves get reversed? When would a morning action be indicative of further similar moves throughout the day? What differentiates the two (ahead of time, of course)?