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 (412)	2/17/2001 1:13:05 PM
From: JRI	Read Replies (2) of 52237

Paul, after reviewing a lot of my favorite posters, and their "scenarios", it appears that many/most are looking for a bounce sometime next week (some as early as Tues. morn.), and that they believe 90 COMPX LOG line (and other resistance too) should hold... That is all fine and dandy, but the problem I have is: We are SOOO close to 2400 area AS IS....we could easy gap below it on Tuesday.....not a lot of play room there... (I am assuming that you mean we will not breech 90 COMPX LOG intraday, although i do believe we did do so in Oct. '98, during the "panic" day....of course, we recovered to finish above).. I suppose we'll know soon enough....BTW- One other of my favorite posters puts the Log line at 2364....whadda think? PS- I have to admit, I would think the Dow would have to crack down to 10k and below, as the Naz is cracking 2300 (and we'd get our final flush)...Dow seem unwilling to crack, so maybe that is a good indication that naz will hold here too (this time)...I just can't see Naz cracking below 2300 (which, IMO) would mean we must go a couple hundred pts. lower and panic but good....WITHOUT a similiar crack/panic in Dow....Later this year?)

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