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 (2212)	3/7/2001 4:20:28 PM
From: Michael Watkins	Read Replies (2) of 52237

Trin showed selling through the day but this can just as easily power a move up if folks have made the wrong bets early. I scalped on the short side today but it didn't break down and I'm on the side awaiting resolution. There'll be time enough to get in long or short when direction becomes more clear, and it won't be clear until the trading range that has been building for the past two weeks has been left behind one way or another. Here's a chart for fun. ottographs.com EDIT: The chart is a percentage change chart for popular indicies since the big dip in 1994. As NDX and COMPQ raced to new highs I'd point it out to folks who figured "hey, that's great!", few ever appreciated the danger of such ascents. Being a rock climber (perhaps ex rock climber these days) in the 70's and 80's one thing that always stuck with me is "never climb higher than you want to fall". Seems appropriate when looking at such a chart. Tick, tock, sitting on my hands.

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