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

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To: JRI who wrote (416)2/17/2001 1:50:15 PM
From: eddieww  Read Replies (2) of 52237
 
JRI:

It seems to me that everyone knows the importance of 2400 by now. It has been discussed on CNBS, CNNfn, Bloomberg, and many message boards like this one. If I were head of the trading desk at one of the bigs (MER, LEH, GS, JPM, etc.), and I believed a strong rally was due soon, I would be on the phone with my buddies/counterparts this weekend to arrange to gap compx below support on Tue to get the j6p technicians to panic and dump. It's got to be a lot cheaper to gap it down than it is to trade it down through strong support. -g-
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