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

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To: donald sew who wrote (41565)1/26/2001 2:53:31 AM
From: SpecialK  Read Replies (1) of 42787
 
I believe tomorrow's lows should be bought, may be close to end of day, making it really bearish.
We head higher next Monday, Tuesday and to mid-day Wed. Then lower and break tomorrow's lows.

BRCM as an example, is overvalued no doubt, but if it goes from 140 to 85-90 in 3 days, it can rally back to 110 before heading lower.

PMCS down to 65 AH, 30 points lower? over reaction to bad news. this is the support levels of 4 weeks ago. Short rally back to 75-80 then lower to 50, and more?

IMO,
Ketan

The time to get bearish was 2 days ago, when things were looking toppy. the time to get bearish again will be when Greenspan cuts rate as expected and everyone believes we just head higher as if the cut makes all these bad outlooks disappear.
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