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

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To: Haim R. Branisteanu who wrote (32953)10/14/2000 10:21:30 AM
From: Terry Whitman  Read Replies (1) of 42787
 
The 2nd largest gain ever by the Nazdung only rated a short article on the 6th page of this morning's paper. It does seem that the enthusiasm has been killed.

When the press turns bearish, that's a sign of a late bear market- the third phase. It's way too early to be calling it a new bull market.

I saw some capitulation last week, and the bears are nervously holding shorts, so I do believe this rally may last a few days. If we get follow thru next monday and tuesday, with both days being flat or up- we may have just put in a bottom of a broader trading range.

Good chance that this selling is NOT completed- We are still in the season of Giving.. October. <g>

Will have to look at the A/D and McOscillator this weekend for some more clues.

BTW- Contrary to what I read earlier about the US backing Israel in a war: Israel doesn't need the US or anyone else's help to kick their neighbors butts. They take care of themselves quite well. Always have. All the US has to do is to keep selling them weapons and ammo.
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