|
PureBytes Links
Trading Reference Links
|
Take a look on all of your charts. You will find true triple tops rare
and nary a quad top. I am not looking at these charts right now, but if
that is what you are seeing, there is a good chance that if those levels
repel current price action, you should be buying any dip. I am looking
for a decent correction in here for the market in general, but no
collapse, at least not yet...
Steve Poser
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
url: http://www.poserglobal.com
email: swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
----- Original Message -----
From: Howard Hopkins <hehohop@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 30, 1999 9:27 AM
Subject: [realtraders] Top??? {01}
> I look at a lot of charts of the leading stocks to try to get a feel
for the
> overall market.
>
> The internet stocks have been the leader of this strong advance in the
Nasd
> Comp.
>
> The following internet stocks are in the price area of double, triple,
or
> quad tops: AMZN, AOL, YHOO, INKT, LCOS, CMGI, USWB, & SPYG. It would
be
> unusual for stock to storm right through these resistance areas
without some
> sort of pullback or consolidation.
>
> DCLK, RHAT, & BRCM are well above previous highs and have been the
strongest
> of the group.
>
> KCBT has an internet futures contract. No liquidity or volume but it
is a
> way to play a pullback. They reduced the contract size and it's only
$25 a
> handle now. I've traded it once and used limit orders.
>
> Thoughts?
>
> Howard
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com
>
>
|