Stock Attack II - A Complete Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: StockOperator who wrote (805)	2/22/2001 9:34:15 PM
From: StockOperator	Read Replies (3) of 52237

About a week and a half ago I mentioned in one of my posts that I thought the DOW would be breaking out of this trading range based on the overall pattern developed. The one proceeding the infamous diamond pattern. I made this call based on the fact that I thought prices had worked their way into an area of "do or die" that I so often like to refer them to. Well based off this week my call was obviously wrong. Instead of reading into the call like I did I should have stated only the obvious, that I thought the DOW was at a make or break point and let's watch to see which side wins out. A smarter way to play it. Anyway, the DOW and the fact that it broke this week should weigh heavily on the immediate direction of the market overall. That's the entire market. Any group or sector that has been played out by over zealous analysts, eagerly promoting their ill-timed opinions. A positive break in the DOW would have at least shed some positive light on prices where we stand. We didn't get that. Even after all the damage done on the COMPX, we have a DOW that may just be beginning to break down. The stars are lining up and I hate to say it but it AIN'T the milky way. The next couple of weeks could very well take our breath away. I am going to refrain from making a unequivocal statement similar to the one made last week for the DOW. At least until the end of the month. But hypothetically if today's close did represent that day I would be a screaming bear. So that means things really have to improve between now and next week. If not, well let's just hope they do. Keep an eye on the chip stocks. I believe this could be the domino that sets things in motion. Good luck trading. SO

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next