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

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To: adcpres who wrote (2006)3/5/2001 3:55:40 PM
From: JRI  Read Replies (3) of 52237
 
Whadda make of today...Soxx continued strong...and Hi/Lows improved...but volume really lame....and Naz couldn't even pop much at the close (as Dow ran...)...

If we are playing the game, "what will come 1st, good news or bad to move the markets"...it seems that betting for good news 1st is the more unlikely bet....As bad news keeps coming in during week, I'd think long holders resolve gets worn down even further...until we get some sort of climatic day (big turnaround), to give some lift to market...I would think the trend remains down...

Today just doesn't seem like a "seminal" day to me (although I'm willing to be convinced), therefore sticking with trend seems prudent..
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