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

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To: adcpres who wrote (40430)	1/9/2001 12:22:53 PM
From: JRI	Read Replies (1) of 42787

acp- I have no problem with your thoughts...I take things day-by-day, and intend to hold only until the upper channel line (again) and/or nearest resistance (which I think, for today is 2495/2500...although we still have to exceed the daily high today.....Although I think an intermediate bottom may be in (which will allow us to break above that downward channel for a while) I will be careful around resistances, for sure....getting back in on definitive breaks.. Q: Yesterday, you posted that the market action was classic "distribution"...selling from "big money" to the little guy suckers (no?)...looking at today, though, volume appears to be as good/better than yesterday (QQQs, and COMPX), and volume was heavier on the up move this morn...then during the selloff since....So, given today is the inverse of yesterday's action (so far)...would't this be a positive sign? Looks like "in the know's" are accumulating today....please correct me if I'm wrong..

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