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: Paul Shread who wrote (1567)	3/1/2001 9:46:49 AM
From: Michael Watkins	Read Replies (1) of 52237

Gee, a little late in coming to this conclusion, aren't they! Bear market, as far as I'm concerned, in Nasdaq started roughly April 1 2000. As soon as the upppermost trading range was broken to the downside, the safest plan of action was to trade defensively on the long, if one had to, and agressively at swing highs on the short side. My definition of bear market is probably different than others since I'm not really caught up in this bear/bull thing despite having some awfully 'bearish' sounding outlooks. Is the daily trend up or down? - Up, bullish - Down, bearish Nasdaq put in a test of top and trend change in spring 2000, and somewhere I'm sure I have a post saying that its a bear market now 'until proven otherwise'. The same will be true of the reversal of the trend. When we can spot a trend reversal on the dailies involving some positive retest of the swing high of the lower most trading range, then we'll have some assurance that things are moving up. Buy agressively on the move up from the first retracement from this point - lowest risk play I can think of. It won't be "the" bottom but one won't cut their fingers either. I'll post a chart later tonight.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next