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

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To: donald sew who wrote (39681)1/2/2001 10:43:45 AM
From: Paul Shread  Read Replies (1) of 42787
 
Don,

Given the seasonal strength in small-cap, mid-cap and beaten-down issues, I've been wondering if this buying isn't knee-jerk; will be curious to see if it continues beyond the first couple of weeks of the new year.

The COMPX and SPX charts look terrible to me, possibly headed to 2000/1200. Will the 1990 log trendline at 2300 trump the broken bear flag/pennant? Gaps will be filled at 2224/2340 NDX/COMPX and 1275/668 SPX/OEX.

Tech is beginning to show up on my value scans: DELL, AMAT, MSFT, ADCT, NT and HWP are buys here. INTC, IBM and TLAB are within 10% of their downside targets.

Bought SPLS, DELL, NWL and TXT this morning for one of my IRAs (one year buy and hold system). MSFT and JCI just missed the cut. They were so close I probably should have bought all six, but I already own MSFT and GM, so those two are well-represented in my holdings.

Happy New Year to all.
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