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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: StockOperator who wrote (33845)10/25/2000 11:18:53 AM
From: StockOperator  Read Replies (1) of 42787
 
The right shoulder for stocks like PMCS and BRCM have begun to crack. We could see a little bit of a bounce over the next couple of day simply because there is still room to do so within the overall trend. This recent break in the optical group should offer no doubts that this overall down trend in still in place. The month of November will be the test to see whether or not the indices and stocks like CSCO can hold their lows.

Lots of other things happening - ARBA possible H&S, Watch for weakness in INTC, SUNW is trying to run for cover) prices teetering on a fence, right shoulder for CMRC beginning to crack. The market is going to try very hard over the rest of the week to appear to be strong. The smart money will try to hide their motives by showing prices close in the green, but pay attention to closing prices relative to opening prices. Usually the first signs of weakness will show here first.

Good trading.

SO
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