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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: pz who wrote (16839)	10/21/1998 12:38:00 AM
From: DanZ	Respond to of 53068

Market averages. The market averages ran into resistance today and many individual stocks that I looked at tonight have toppy looking charts as well. I think caution should be used when adding new long positions right now, especially in stocks that are trading near resistance. I'm not bearish long term, but I do think the market and many stocks will pull back over the next day or two. Best of luck to all, Dan