Stock Attack -- A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: dennis michael patterson who wrote (28275)	8/24/2000 7:36:27 AM
From: Dave Shares	of 42787

I think with the SPX closing above the downtrend line from March to July, another close above it and the SPX goes higher. Maybe a pullback next week, but something tells me that this one will be a bear trap. If the market runs up nicely to the March highs on SPX, then there will be enough money back in (i.e. margin) so they can tank it good. I bought Dec puts when SPX at resistance, so the risk was measured. I will look to exit on a pullback or before a melt-up. They will get cheaper in my opinion. I think more squeezing to come, although I may turn out to be the contrary indicator. David

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