|
PureBytes Links
Trading Reference Links
|
Whoops, forgot!
Ian Burgoyne wrote:
> Philip,
> Can you attach a chart?
> Ian
>
> >From: Philip <pschmi02@xxxxxxxxxxx>
> >Reply-To: metastock@xxxxxxxxxxxxx
> >To: metastock@xxxxxxxxxxxxx
> >Subject: March Crude
> >Date: Thu, 13 Jan 2000 21:30:13 -0500
> >
> >Sorry to butt in with a stupid question about price action, but did
> >anything
> >occur to you about today's bar in the March Crude:
> >
> >Does anybody else get the impression the market's saying it had some second
> >thoughts about higher ground? Doesn't it look like it reached up, but ran
> >out
> >of gas? Look, it gapped higher from yesterday's close (although not over
> >yesterday's high) headed north, blithely bidding farewell to the last swing
> >high, and then . . . just sorta ran outta buyers, I guess.
> >
> >Or maybe it's just the folks who got in at 23.50 expressing their gratitude
> >to
> >all the merry souls who shorted on the post-Christmas sleigh ride (12/28)
> >down
> >from 26.00. There are just under 2000 contracts fewer now than there were
> >on
> >Monday. So somebody hit the road and hasn't come back. Know what I mean?
> >What
> >I'm trying to say is maybe it's not new strong red bull's blood that caused
> >the
> >run up. Would that qualify the move as a last gasp, as opposed to a
> >"genuine"
> >resumption of the trend? Maybe the buyers were actually just weak hands
> >running
> >for the life boats.
> >
> >Heck, guys, I know it's not a Metastock-related or even an
> >indicator-related
> >post, but don't you find yourself looking at plain ole price sometimes?
> >What's
> >a fella to do?
> >
> >Philip
> >
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com
Attachment Converted: "f:\eudora\attach\March Crude.gif"
|