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: donald sew who wrote (598)	2/21/2001 2:09:05 PM
From: JRI	Read Replies (1) of 52237

Don, at this stage, I don't know if sector rotation really means that much (except to give shorts a better opportunity to enter, and to confuse some sideline money to buying Naz when they shouldn't)... Ex-rotation factor today, Naz looks pretty bad....Chips one of the few bright spots....but now the Dow/S&P is looking bad technically IN ADDITION to the Naz.....your intra-day CLASS ONE IS TEMPTING...but what if both indices go down tomorrow...negate the class one...on a BIG down move..... This could be the flush....(Note: If the Dow was still hanging out in the 10,8s....I'd feel much better about going Naz long here).. Finally, a 2nd close beneath the 90 COMPX LOG..well, the fork's not in it yet (still got the weekly, monthly charts to go), but close..... This looks like a big strike of big money (to buy)....and that is trouble, IMO... On the bright side, I guess the day ain't over yet...and the Naz hasn't totally caved, so we'll see...good luck, and continued thanks for your efforts..

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