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

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To: bobby beara who wrote (14151)8/6/1998 4:01:00 PM
From: Electric   of 42787
 
BB,

My opinion isnt that we are going to rally hard off the lows, if that were the case I would be with you..

To see a steady positive day is a good sign to me, to see a 300 point day to me would be awful, considering what the global conditions are... look at the NAZ.. now that is some power..

Also the DOW is being held down by 2 stocks. More importantly to me is how the PREM is acting, I have been watching it all day and the range is narrowing, meaning there is less volitility to the market, less buy/sell programs being triggered.

I would perfer to see a general move up, that way it is likely that the internals will correct gradually and the trend can be repaired.. if we ran hard 1 day, then that would be just what the bears expected and wanted.. I heard many posts around about a hard rally, this to me keeps us off guard..

BWDIK :}
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