Stock Attack II - A Complete Analysis Message Board

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

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To: dennis michael patterson who wrote (688)	2/21/2001 11:41:15 PM
From: John Madarasz	Read Replies (2) of 52237

EMC at 40 is absurd. I think you're right...that stock has just cracked bad. Storage sold off hard AH on the BRCD guidance There could be a nice short covering rally at 34 support, other than that I'd look to a couple different H/S measurements on the weekly... one at 32 and the other at 25. I've noticed a lot of these bigger wedge breakdowns, that were borne from the Jan. lows, have rolled into H/S plays and rally from their H/S downside measurements as shorts cover at these targets... the stocks rally back briefly only to get shorted harder at the tops of the smaller newly formed wedges... it's just the mania in reverse, still lots of pressure I think until folks get wise something to think about anyway...as if we don't have enough<g>

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