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

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To: dennis michael patterson who wrote (29042)9/5/2000 8:08:55 PM
From: Kip518  Read Replies (2) of 42787
 
I bought INTC on that downgrade. Just a little.

Hi Dennis,

You may remember on last Wednesday's show Bob Brogan, after again laying out his case for a 5th wave decline in the NAZ was asked "what do you think will bring this market down?" His answer "INTC." Bessinger was incredulous..."but INTC is making new highs!" "No matter," replied BB. "Money flows negative INTC will lead NDX down." Convinced me. Short from $73 1/2.

However, BB is only looking for a 20% decline from highs -- which should put it at about $60 & still in the uptrend lines. Hold your long's til then?
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