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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Peace who wrote (32374)10/10/2000 1:18:25 AM
From: donald sew  Read Replies (1) of 42787
 
Peace,

>>>> He was briefly on CNBC late last week (now that he is not with Lehman we might see him more) and was suggesting to start buying for a nice tradable rally for the next few months <<<<

I would like to know how he made that conclusion. On a technical basis there just isnt alot of support for more than a bounce/small rally right now. Im not saying that hes wrong just that I would like to know how he made that conclusion.

In term of time, we are close to a mid-term bottom but the price level could still drop significantly. On the other hand, although extreme fear(spike in VIX/etc) are not yet here, but that doesnt mean that a nice tradeable rally cant start now either.

Well right now Im still biased to the upside in the ratio of 5:2, but that is since I playing only a short-term bounce. If that bounce turns out to be more then at least Im already in and hopefully I will be able to adjust in order not to sell too early.

I dont know and can only watch day by day of clues.

In light of the technicals being so low I dont think this is the time to be either overly bullish or overly bearish. This is the time to be mainly in CASH though. Im not saying to sell right now either, since that may be too late.
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