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

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To: StockOperator who wrote (34665)11/3/2000 8:39:37 AM
From: StockOperator  Read Replies (1) of 42787
 
The end of trading today is important. It should help place more perspective on the trading for the week overall. Especially with stocks like ORCL, which looks like it trying to repair some of yesterday's damage. Watch the trading in RMBS. The stock is up about five in the pre-market. If it should open up this way it will be the third day in a row that it gapped from the previous day's close. I'm not aware of any news so this morning's trading seems a little "frantic". At $55 it is pretty much running into a major brick wall on my chart. It should be interesting to see what happens from here.

So far the market is holding up well. If this move continues strong through next week, and it manages to broaden out with stocks like JDSU and CSCO pushing to 60 then maybe we have something. But like I said earlier the charts look ugly and I remain suspect.

Good luck trading.

SO
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