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To: Sarmad Y. Hermiz who wrote (58026)5/23/1999 5:53:00 PM
From: Olu Emuleomo  Read Replies (1) | Respond to of 164684
 
I do think many who bought the 20% dip are hurting now, and some
cannot hold their position anymore.

Sarmad, I guess those who said "never catch a falling knife" knows what they are talking about.
BTW, after getting whipsawed on my AMZN buy-stop at 196 (a failed breakout), I had to formulate the following rule

"For every buy-stop, there *must* be an equal and and opposite sell stop".
Call it Olu's 2nd law. :-))
(The 1st law is not original. But it has saved my life. "Never avg down!")

--Olu E.



To: Sarmad Y. Hermiz who wrote (58026)5/23/1999 6:37:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
>>One thing about the drop in inuts this quarter, it is not punctuated by many up days. It is basically coasting down, every day.

Since the DOT closing high on April 12 there have been 17 down-days and 13 up-days. So far this correction is no deeper than the January-February correction.


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