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

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To: Chris who wrote (22979)5/1/2000 10:03:00 PM
From: Magnatizer  Read Replies (1) of 42787
 
Chris

My anticipation regarding the markets response to a CRB breakout (one which holds) is that inflation fears driving rates higher will put a hold on any rally the equities have in mind. J6Packs were shaken by the dramatic rise in gas prices. Imagine the horror of a 8 dollar six pack of bud!

I have Friday marked as a key day for the CRB. One which will likely reverse the short term trend. A breakout prior to this key day is not good for the likelihood of it holding.

I feel the BKX is heading toward the 710-720 area. Ran into three magnet overheads today and failed to close above any of them. Looks like a last gasp to me...

More commentary and charts here: geocities.com

ht
Mag
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