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: StockOperator who wrote (782)	2/22/2001 2:43:55 PM
From: StockOperator	Read Replies (1) of 52237

My guess is that we are going to see a selloff this afternoon. I say that based off of the last couple of hours worth of trading. From reading the thread I know that many are looking for some sort of bounce in the market. I know that we may appear to be oversold but my charts tell me that there is more downward pressure to come. If we do rally significantly from here, say to 3000, that would take prices out of the picture of where I see things going. For our sakes a bounce to that level would be a welcome thing. If it does not materialize then I believe the Month of March could carry prices to a very extreme oversold capitulating area. I base this call strictly off the same measuring techniques used to call so many stocks to the levels we're at today. First we should get that reversal (today), then possible more upside tomorrow. But as I said I would weigh heavily against that happening. Wouldn't be the first time I was wrong.<gg> Just my thoughts.

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