Stock Attack II - A Complete Analysis Message Board

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

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To: Paul Shread who wrote (285)	2/16/2001 9:14:00 AM
From: JRI	Read Replies (1) of 52237

Paul...what's gonna hold prices up NEXT week? Now that the "2nd half recovery argument" is getting attacked;questioned (I thought this wouldn't happen for a couple more months- now, genie out of bottle)....the Greenie put may not be possible anymore....housing is pretty strong; PPI too high....shorts are not afraid here... Unless some company comes out next week and says we see a much better 2nd half (very unlikely), I could easily see us go down 100 Naz pts. next week (from current levels)...that'll put us in the mid-2300s, below the 90 COMPX LOG Trendline... We may just panic down into the 2300's today...its going to be ugly...of course, I will let the market tell me what to do....but I am not confident at all about long-term support holding here...

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